Major Move Imminent for #SXP! Will It Breakout or Break Down?
Yello Paradisers! Are you ready for what's next? #SXP is approaching a crucial point, and we need to be prepared for all possible scenarios.
đź’ŽCurrently, #Solar is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $0.224, which could lead to a significant bullish breakout if sustained momentum is achieved.
đź’ŽShould this occur, we could see #SXPUSDT challenging the descending resistance and aiming for the major supply area at $0.3061.
đź’ŽA breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area.
đź’ŽIf #SXP faces resistance here and loses momentum, we might witness a bullish rebound from the solid support at $0.195.
đź’ŽFalling below this support could indicate a prolonged bearish trend, with #SXP continuing to trade within the descending channel.
Stay focused, patient, and disciplined, Paradisers!
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