$SLX READY FOR A STRONG REVERSAL MOVE
$SLX has started showing early signs of recovery after consolidating near its support base around 0.0080. The token recently bounced from this zone, forming a higher low structure that reflects renewed buying pressure. This price behavior, combined with a steady rise in volume and a 9% daily gain, signals that momentum could be shifting back to the upside.
From a technical perspective, slx is trading above its short-term moving averages on lower timeframes, suggesting that bulls are slowly regaining control. A breakout above the resistance at 0.0098 could confirm a trend reversal and open the path for further gains. Maintaining this structure will be crucial to sustain the upward push and avoid another retest of the support area.
With over 33,000 holders and on-chain liquidity exceeding $1 million, slx demonstrates solid community backing and healthy market depth for a micro-cap asset. The increasing interest from new participants on Binance Smart Chain further strengthens its potential for continued growth. As long as slx holds above the 0.0080 support, the bullish structure remains valid and could target a retest of previous highs soon.
This accumulation zone might represent a strategic opportunity for traders eyeing early entries before a breakout continuation phase. Keeping a close eye on volume and resistance flips will be key in identifying the next impulsive leg upward.
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