As we continue the Market Recap's for today, our last notice is for $SXP also know as Swipe.
Swipe is a DEFI Project, which is known for it's attractive crypto credit card and backing from Binance.
Looking at the charts as we have an interesting Bullish Formation - let's dive in!
SXP
SXP has had a very poor last month, with a complete break down from it's surging high levels of roughly $4.45USD.
The current price levels are very promising, and we've currently broken out from a major downward trend line.
As shown here in another perspective, our measured move targets are starting at $3.50 from current levels. This could be a very highly tradable pattern and worthwhile action to take in the immediate short term! Please do your own research.
Unfortunately very few projects can escape the wrath of BTC and if the bears continue to drive down BTC, any upward action on ALTS will be highly likely not included in that.
Please use caution :)
More updates coming soon!
@originate Hive Developer Evangelist & Market Analyst