$SXT /USDT Technical Analysis – Breakout or Fakeout? Bulls Struggle Near Resistance
After a quiet consolidation phase, SXT/USDT surged to a 24-hour high of $0.1591, posting a +7.58% gain at the time of writing. However, the rally quickly lost momentum as profit-taking set in near the top, triggering a noticeable retracement. As the price now hovers around $0.1419, traders are left wondering whether this move marks the start of a sustained uptrend or just another temporary spike.
Market Snapshot
Current Price: $0.1419 (+7.58%)
EMA Trend Analysis
EMA(7): $0.1432
EMA(25): $0.1420
EMA(99): $0.1363
Price Action Overview
SXT broke out from the $0.1278 base, quickly rallying toward the resistance zone around $0.1591. This bullish momentum created a strong buy signal followed by immediate sell pressure near the top, where a reversal candle formed.
Since then, SXT has been trading in a tight range between $0.1400 – $0.1460, suggesting indecision and low conviction from bulls to push higher.
Key Levels to Watch
Immediate Resistance: $0.1460 – $0.1500
Major Resistance: $0.1591 (local top)
Support Zone: $0.1400 (EMA25)
Stronger Support: $0.1363 (EMA99) and $0.1278 (breakout base)
Holding above the EMA(99) is crucial to maintain bullish structure. A break below that could see a retest of $0.1278.
Bullish Outlook
If SXT can hold support above $0.1400 and reclaim the 7 EMA with volume, a second attempt toward $0.1500–$0.1590 could occur. Confirmation of a breakout would require a daily candle close above $0.1591.
Upside Targets: $0.1650 – $0.1720
Bearish Scenario
Failure to reclaim the 7 EMA and a break below the 99 EMA would open the door to deeper correction toward the $0.1300–$0.1270 range.
Downside Risk: $0.1330 – $0.1278
At a Crossroads
SXT/USDT is currently in a cooling-off phase after a strong breakout attempt.
Watch closely for a decisive move above $0.1460 or a breakdown below $0.1360—this will set the tone for the next major trend.
