X

Swipe Price Analysis: SXP Coin Consolidates Above $2.0 Since Start Of The Month

  • SXP coin price action shows sustainability above $2.0 on Tuesday’s trading session
  • The 24-hour trading volume in Swipe is at $155.94 Million
  • The SXP/BTC pair was trading at 0.00005384 BTC with a gain of 10.17%

The 4-hour technical chart of the SXP coin price movement is in an uptrend and is getting closer to EMA-200 on intraday. According to pivot points, the Swipe’s vital support level is $1.40. Besides, if it moves up, the fundamental resistance level to watch is $3.10. Moreover, the chart shows an emerging three-white soldier candlestick pattern describing a bullish reversal with medium reliability.

The Moving Average Exponential (EMA), consisting of 200-EMA, functions as solid support in the asset price movement. Investors may witness the price is fighting to break above the red line, so until the price rests below the EMA, it will assure a downtrend, but if FTM manages to sustain above the EMA, it can notice a beginning of a bullish trend.

The RSI indicator (BEARISH) with 46 indicates a sell signal in the coin. Investors may also observe a positive slope from 36 to 46 in the index. Hence, It may cool down in the upcoming trading sessions.

The Parabolic SAR also suggests a sell signal in intraday, and Until the yellow dots remain above the price candlesticks, it will assure a bearish trend in Swipe.

The volume of (2.76K) showcases a low volume below the Volume MA (15.31K) of 20-days. Traders are directing low volume in the order book, resulting in the price level remaining at the lower levels. Investors may also observe multiple tiny green volume bars in the chart.

Swipe (SXP) Coin Indicators Signalling Neutral For Upcoming Days

SXP coin price traded at $2.08 with a gain of 8.1% in the last 24-hour and 10.5% up in the weekly time frame. Furthermore, SXP sustains above the mark of $2.0. In contrast, the market capitalization stands at $200 Million. Technically, investors can perceive a positive slope in RSI. The price is moving below the EMA-200. Besides, shallow volume is maintained in the coin. Moreover, the price move can be towards the EMA-200 of $2.65 in future trading sessions.

Resistance: $3.10

EMA-200: $2.65

Support: $1.35

Get this news hand-delivered to you on Telegram. Join our Telegram for similar News and Information related to CRYPTOCURRENCY, BITCOIN, BLOCKCHAIN NEWS, and Price prediction.

Categories: News
Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.