Syntropy: Analyst shares NOIA price outlook after 168% gain

Posted on

  • NOIA is the native token of Syntropy, a distributed routing protocol for the Internet.
  • The coin’s price is up 168% from its December lows, and one analyst says bulls may be aiming higher.
  • Sentiment is bullish ahead of Syntropy’s public network launch.

cryptocurrency Looking to end January on a winning note, with most digital assets posting massive gains in a month Bitcoin Break above $23,000.

On July 31, the total crypto market capitalization was above $1 trillion, helped by bitcoin’s market capitalization to rise to $446 billion for a market dominance of 40.9%. Altcoins have seen a similar upside move as Ethereum broke the $1,200 low at the beginning of the month.

Analyst Says NOIA Could Do 2 More

perhaps notable is the sense of bullishness for the syntropy that has been growing since the team Updates The token has a circulating supply schedule and the platform is nearing its public launch.

While tokens such as Aptos and dYdX continue to outperform, crypto analyst Rekt Capital is pointing to another coin that could benefit from the recent bull run.

According to crypto trader, Syntropy (NOIA) has the potential to 2x if it holds a key price level on monthly close. In a tweet early Tuesday, the highly respected analyst noted that NOIA’s 168% rally in December has Syntropy Token in a key area.

,NOIA enjoyed a rally of +168% from the December low and is now approaching a critical zone. If NOIA is able to turn the green box top (~$0.068) into support on the monthly close, Syntropy could be well positioned for another 2x rally.,” he suggested,

Syntropy (NOIA) Price Prediction Chart. Source: Rekt Capital on Twitter.If the bulls hold the highlighted price area ($0.068), Rekt Capital sees a 135% or more rally towards $0.15. This could open up the NOIA price for a possible retest of its all-time high near the $0.20 level. However, a downside flip could push the bears towards $0.030 or even target $0.020.

Syntropy token was changing hands on Tuesday afternoon at around $0.065, up 2.3% over the past 24 hours and 32% over the past week.

Leave a Reply

Your email address will not be published. Required fields are marked *