đź’ŽCurrently, SXP is trading within a wedge pattern, following a strong trendline and the exponential moving average of 200.
đź’ŽDue to market uncertainty in recent days, SXP has experienced significant price fluctuations. At present, SXP is in a high-demand zone.
đź’Ž If it breaks the tight wedge pattern and maintains price momentum at EMA 200, it is ready for a substantial bullish move.
đź’Žif the price fails to hold a strong support area, it might result in another lower low in the downward direction.
đź’ŽIn the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!