$SXP is trading at approximately $0.3827, reflecting a significant increase of about 23.34% over the past 24 hours.
Key Highlights:
Liquidation Amount: $7,197.7
Liquidation Price: $0.3881
Current Price: Approximately $0.3827
Market Sentiment: Recent long liquidations suggest increased selling pressure.
Intraday Overview:
Resistance Levels: $0.4045 and $0.4200
Support Levels: $0.2949 and $0.2800
Next Move:
Downside Risk: If bearish momentum continues, SXP may test the $0.2949 support level.
Upside Potential: A reversal could see a rise toward the $0.4045 resistance level.
Tip: Monitor trading volumes and market sentiment closely to gauge the strength of the current trend.
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