NTS is hovering around 800 SATS right now. I believe NTS will rise above 1000 SATS in the near future, here's why
1 - Strong support
NTS has been holding 800 SATS for the past 2 weeks. There's a high amount of buy action around that support. Resistance around 900 SATS looks fairly weak, if buyers emerge I can see NTS heading towards the 1000 SAT mark with ease.
2 - Overall Market Sentiment
Quality projects have been getting a boost lately. BTC rebounded up from $3400 and LTC has seen some positive growth within the past few weeks. NTS is also up from 500 SATS which was its January low.
3 - Further exchange enhancements/developments
The Nauticus exchange is the exchange that utilizes NTS. If Nauticus continues to grow, then NTS should follow suit. The Nauticus exchange has made huge strides in the past month to enhance their exchange's capabilities. I think these enhancements will continue to help the NTS price.
4 - Buy orders vs Sell orders
If you analyze this chart (
https://nauticus.exchange/exchange/NTSBTC) it's pretty easy to see the buy orders are overwhelming the sell orders. An order book doesn't necessarily determine the trend, but it can serve as a strong sign
What do you guys think based on my analyses?