Neutron Price Analysis: NTRN Bulls Anticipate 20% Rally Amid Positive Market Sentiment

Neutron’s price is currently within a range, spanning from $0.954 to $1.416. If it breaches the midpoint at $1.182, a 22% rally to $1.416 could be triggered. However, if it closes below $0.54 on a twelve-hour candlestick, the bullish outlook will be invalidated. Neutron (NTRN) has been consolidating within this range for almost two months, suggesting a potential continuation of the upward trend.

The recent movement of NTRN indicates a possible uptrend, with a nearly 15% increase over the last three days. As it approaches $1.182, investors should be cautious of a potential breakout, as consolidations often result in volatile moves from the midpoint of the range. Additionally, indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggest a surge in bullish momentum for NTRN, further supporting the expectation of an upward move.

Hence, investors may anticipate an explosive move over the weekend, possibly reaching $1.416 after a 22% increase. However, if NTRN faces rejection at $1.182, leading to a minor pullback, it could present a buying opportunity if conditions remain favorable. Conversely, if NTRN closes below the $0.954 support level, turning it into resistance, the bullish scenario would be invalidated. This could result in a 14% decline, with NTRN dropping to $0.854.

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