NULS is Ranked 138 th on CMC with a Market Cap of $80.3m. NULS is a Modular based Blockchain and Platform focused on flexibility, cross-chain communication and ensuring that it remains future proof.

NULS hit its all time high (ATH) on the 10 th January 2018 reaching 0.00058990 Satoshis.

January 2018 reaching 0.00058990 Satoshis. Since then it has fallen 35% in 59 days and is currently priced at 0.00038199 Satoshis.

The fall has been less severe than the wider market and NULS is proving to be quite resilient.

Intermediate Trend is Bearish and the short term/Intraday trend is Bullish. The price is currently testing an Historic Resistance/Support level – 0.00037000 Sats – 0.00038000 Sats.

Price action with NULS appears to respect Fibonacci Levels more accurately then others. Therefore a close above 0.00038000 Sats (61.8%) could see price test 0.00047222 (78.6%). A bounce off of 0.00038000 Sats (61.8%) could see price fall to Support at 0.00031495 Sats (50.0%).

Recent price action appears to have formed a ‘Bullish Falling Wedge’. A downward consolidation followed by a Bullish break out above the upper descending trend line (See supporting charts at bottom).

Supporting Oscillators; RSI has moved above 50 indicating strengthening positive price action. The MACD has moved above the Signal and the Histogram has turned positive indicating Bullish price movements.

A notable event occurred on the 6th March 2018 – DataDash essentially gave a Bullish review/opinion of NULS. He is the leading Cryptocurrency YouTuber. In turn Trading Volume spiked. This gave the price a quick pump in price followed by an immediate dump. The Trend continued upward in an organic fashion after.

Commentary/Thoughts;

I like NULS. Having read into the project in more detail I feel it offers something different over other platforms. This is not to say that NULS is the next Ethereum in my opinion. Instead it is likely that the Platform and Blockchain it offers is likely to grow in its adoption while others play catch up to its modular/flexibility first approach/tech.

NULS has proven more resilient in price movement than most others in its space. This could be for a number of reasons including; a recognition of its genuine great tech and differentiation in the platform space, ongoing ‘shills’ from YouTubers and/or it’s fairly low Trading Volumes (possible fundamental disinterest).

In any case I am longer term Bullish on this project and anticipate that it will be a nice smaller fringe based platform used by smaller commercial entities over the medium to longer term.

I could even potentially see NULS merging with/being bought out by another larger more established Platform in years to come in order to take advantage of their modular Platform approach.