/USDT Technical Analysis Update - 10th October 2024 📈
🚀 Current Price: $0.294 (+31.37%)
🎯 Target 1: $0.325
🎯 Target 2: $0.350
🎯 Target 3: $0.400
SXP/USDT is showing a strong bullish momentum with a notable 33.67% increase in just 24 hours. With key indicators signaling a further potential upward movement, let’s dive deeper into the targets:
📊 Price Overview:
24h High: $0.325
24h Low: $0.2168
24h Volume: 87.46M SXP (high liquidity)
🔄 Key Indicators:
SAR: Currently at 0.2215, indicating a strong uptrend.
MA(5): 17.28M (bullish above the 10-day moving average of 8.92M)
MACD: Bullish crossover, supporting upward price action.
RSI: 66.7 (nearing overbought levels but still room for growth).
🎯 Target 1: $0.325
This was today’s 24h high and is a short-term resistance level. If the bulls can maintain momentum, we could see a retest and potential breakout above this level.
🎯 Target 2: $0.350
A breakout above $0.325 could push SXP toward $0.350, a psychological barrier where we expect moderate selling pressure. Watch for increased volumes to confirm a push past this zone.
🎯 Target 3: $0.400
If the rally continues, $0.400 is the next major resistance and would signal a strong bullish reversal. Breaking this level could spark further accumulation and a longer-term trend shift.
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