NPC Crypto Price Prediction 2024: What\'s Next After Impressive 18x YTD?

One of the best-performing meme coins over the past months is NPC, short for Non-Playable Coin. It has gained a lot of fame due to everyone fitting into the meme and Elon Musk seemingly loving it, too. But is it time for the famous meme to cool off for a bit?

NPC, short for Non-Playable Coin, has gained a lot of fame recently, especially due to everyone fitting into the meme and Elon Musk seemingly loving it, too. But is it time for the famous meme to cool off for a bit? Let’s take a look and see if we can find some insight into what’s to come.

NPC Price Analysis: Support and Resistances

Starting off with establishing support and resistances we can see that $0.01405 was acting as resistance as price tried to go up in late May, it has also acted as support on 3 occasions.

We want this level to hold if we expect price to push up soon, otherwise we’re looking at $0.009914 as the next area of support.

There are some minor levels of resistances on the way up we did not mark out, however the big level we marked is $0.02686 and a flip of this level would certainly send price up massively!

(NPC-USDT – support and resistance)

A Closer Look at NPC Price Moving Averages

Adding the 30 moving average, which, as the name suggests, is simply the average price of the daily close for the last 30 days.

We can see that ever since the price started to grow exponentially in early March, it has acted as support and has given a strong bounce on every touch. But a week ago price went below it and did not immediately get back above it, this is the first time in close to 120 days!

So obviously we really don’t want price to dump if it touches the 30 MA again, we want it to get baack above it and bounce on touches to show us we’re back in bullish territory!

(NPC-USDT – MA)

A Closer Look at NPC Crypto Relative Strength Index

By adding the RSI (Relative Strength Index), which measures an asset’s strength, we get more clues as to NPC’s weakness.

When the RSI reaches 30 or below, an asset is seen as oversold; when it reaches 70 or above, it’s seen as overbought.

The longer an asset can stay overbought, the stronger it is, the longer it can stay oversold the weaker it is. 50 RSI is the mid and can provide insight into strength as well.

Looking at the chart, we can see that every touch of 50 has provided a bounce since April, which signals strength! But for the first time in 95 days, the price went below 50 RSI, and while it tried to get back above it a few days ago and dumped straight back down, which signals weakness.

So, for starters, we either want to see an RSI reset by a touch of 30 or below, or we want to see it reclaim the 50 RSI and try to get into the overbought area again to signal strength.

(NPC-USDT – RSI)

To summarise, in the short term, we might be looking at NPCs ranging for a while, which, in all fairness, makes total sense after the performance it has been pulling lately, with a 26x in only a few short months and an 18x from year to date.

We think the future remains bright for all NPCs, especially with Elon Musk mentioning NPCs and using the meme more and more on a daily basis.

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