šØ $SXP /USDT Market Update ā”
$SXP is currently trading at $0.3242, showing a massive rise of +42.69% in the last 24 hours. The price reached a 24h high of $0.3245 and a low of $0.2168, indicating a sharp and sudden price surge. With a volume of 25.29M $SXP and 6.42M USDT traded, it's clear that SXP is gaining significant attention.
The token is trading far above its moving averages (MA7: $0.2467, MA25: $0.2298, MA99: $0.2333), highlighting a strong bullish momentum. The massive spike suggests a potential breakout, but traders should be cautious of potential pullbacks after such a rapid rise.
š Long Trade Setup: If SXP continues its upward trajectory and breaks above $0.3245, potential targets could be: šÆ TP1: $0.3500 šÆ TP2: $0.3750 šÆ TP3: $0.4000
š Short Trade Setup: If SXP experiences a pullback and drops below $0.2168, expect increased selling pressure with a possible target of $0.2000.
With SXP showing an explosive price increase, traders should keep an eye on resistance and support levels as the market could experience high volatility.
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