- Swipe token over the monthly chart is CMP near its vital moving averages of 20, 50, 100, and 200-day lines, with lower volume activity.
- Over the short-term time frame, the crypto asset is trading sideways after a strong recovery from the lower levels.
- The pair of SXP/BTC is trading at 0.00004462 BTC with an intraday loss of -4.77%, and the ratio of SXP/ETH is CMP at 0.0007022 ETH with an intraday dip of -2.82%.
Swipe token bulls at the monthly chart are trying to suppress its vial moving averages of 20, 50, 100, and 200-day lines. Currently, the coin is trading below all major moving averages after a strong recovery from the lower levels. Volume over the chart needs to watch, as it recorded near its average volume line and needs to improve in upcoming trading sessions. The overall trend is neutral and can turn positive if the coin sustains above all DMA lines, with supportive volume activity.
The next lap of a bullish move can be seen if the coin manages to suppress the minor hurdles at the higher levels. Support on the lower side is $2.20 and $1.96, whereas resistance on the higher side is $2.97 and $3.15.
Swipe tokens may witness correction after a significant rally from the lower levels
Swipe token may witness minor correction after a significant rally from the lower levels. Meanwhile, the technical parameters are also reflecting slight profit-taking in the short term. Volume activity over the weekly chart increases and jumps above the average volume line. RSI and BB are gradually turning bearish and indicating slight caution for longs. SXP is trading at $2.50 with an intraday dip of -2.52%, and the volume to market cap ratio is 0.3849.
Relative Strength Index (CAUTION) – Swipe token RSI is trading on a slightly bearish note and trying to move lower, corrected from the higher levels. The coin is moving towards the lower levels with no sign of significant recovery and RSI at 48.
Bollinger Bands (CAUTION) – The coin is CMP under the lower zone of the Bollinger Bands and is trying to hold its lower line. The band is contracting and, a sharp move in the upcoming trading session is expected.
Support levels: $2.20 and $1.96
Resistance levels: $2.97 and $3.15.