SXP - 4h. Good chance for 20% trade

3 thg 2, 2021

An interesting situation in the SXP market. On January 27, buyers aggressively attacked the range of $1.24-1.27. As you can see from the volume and number of attempts to break through this range, the plans of buyers were serious.

It took several days for buyers to buy out the entire offer on the market in a narrow consolidation. After a local test in the range of $1.24-1.27 on February 2, the buyers proved their strength and are ready to push the price higher.

At the moment, the SXP price is in the consolidation channel. If buyers can consolidate above $1.55, we will see a sharp rise in price by 20%. The main goal is the range of $1.74-1.8.

An interesting fact is that we wrote about the growth of this coin much earlier in our global idea:

_________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!