On October 10, 2023, Binance witnessed a sharp rise in the value of NTRN coin, with the digital currency commanding considerable attention due to a sudden 20% price increase. This development has sparked discussions among investors and analysts regarding potential price trajectories and the likelihood of overcoming significant resistance levels.
Expert Analysis on NTRN’s Market Movement
An expert known as ChartsGuy highlighted NTRN’s price movements, indicating that the coin is oscillating within specific trading ranges marked by gray liquidity zones. ChartsGuy pointed out that reclaiming the trend line could propel NTRN’s value significantly higher, potentially challenging resistance at $1.68 and aiming for a $3 price target.
Breaking Through Key Resistance Points
Another market observer, Crypto Paladin, with a bullish outlook on NTRN, identified $1.379 as a pivotal resistance mark. He suggested that breaching this threshold could pave the way for further gains, with $1.70 acting as the next substantial barrier. Conversely, failure to surpass the resistance could see prices retract to levels below $1.20, with $1.25 to $1.20 serving as potential support zones.
As the NTRN price has currently edged past the crucial $1.379 resistance, it is trading at approximately $1.40. Being a relatively new entrant in the cryptocurrency market, NTRN is expected to undergo its inaugural bull run, with each new high after $1.68 marking a record for the altcoin.
Further updates and analysis of the NTRN coin’s market performance can be found by following COINTURK NEWS.