🚨 SXT/USDT Perp Update – Real-Time
Price: ~$0.0840 🔼 +7.14% (24h range ~$0.0773–$0.087)
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📰 News / Fundamentals
Grayscale has added SXT to its Utilities & Services sector, boosting institutional visibility. Inclusion in Binance Launchpool and Microsoft support adds credibility. Volume and interest surged but open interest has dropped from ~$27M to ~$15M—raising questions about sustainability.
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📊 **Technicals (M15, H1, H4, D1)**
TradingView’s overall rating: strong buy on short timeframes, though moving averages lean bearish on longer frames.
Futures market shows reduced open interest; price has retraced after peaking near $0.1248 and is holding above key support at ~$0.0950.
Pattern forming: descending / falling wedge breakout with consolidation near $0.096–$0.097. Breakout above $0.0970 with volume may trigger further gains.
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🐋 Whale / Smart Money
No clear on-chain whale accumulation detected. Volume-driven retail flows dominate with institutional traction uncertain.
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🔖 Support / Resistance
Support: $0.085 – $0.095 (breakout retest zones)
Resistance: $0.0970 – $0.0985, then $0.108 – $0.110, target $0.123–$0.125 (recent swing high)
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🎯 Sentiment: Neutral–Bullish
Upside potential after consolidation; trend remains bullish if breakout sustains. Caution due to fading futures interest.
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🚥 Trade Ideas
Long bias: Entry $0.0950 – $0.0968, SL ~$0.0940, TP1 ~$0.0985, TP2 ~$0.1000, TP3 ~$0.1028 (on confirmed volume breakout)
Short bias: If rejection at $0.0985–$0.100, entry ~$0.099, SL ~$0.101, TP1 ~$0.095, TP2 ~$0.092
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Bullish structure confirmed via bounce from support and wedge breakout. Watch volume near $0.097–$0.098 consolidation zone. Further upside possible if volume and futures interest pick up. #SXT_USDT #CryptoAnalysis
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