š Swiftcoin (SWFTC/USDT) Technical Analysis ā May 12, 2025
Swiftcoin is currently trading around 1.5 cents, showing signs of consolidation and decision-making near a critical neckline resistance at 1.6 cents. The recent chart structure forms a double bottom, which is typically a bullish reversal pattern. However, confirmation is key at this stage.
š Market Outlook:
The key zone to watch is 1.6 cents ā this is the neckline resistance and a decision point for Swiftcoin. If the price closes two daily candles above 1.6 cents, it would confirm a breakout and a bullish continuation. Failure to close above may result in a retracement back to the 1 cent support zone.
ā Trade Setup:
š„ Entry Options:
Aggressive Entry: 1.52ā1.58 cents (in anticipation of breakout)
Confirmation Entry: After 2 daily candle closes above 1.6 cents
šÆ Targets (TP):
TP1: 1.80 cents (interim resistance)
TP2: 2.00 cents (major psychological and technical target)
š Stop Loss (SL):
Below 1.35 cents for aggressive entry
Below 1.50 cents for confirmation entry (to manage risk tighter post-breakout)
š Summary:
Swiftcoin is at a key technical inflection point. A breakout above 1.6 cents could trigger a rally towards 2 cents. If rejected, a drop back to 1 cent remains on the table. Traders should watch for daily closes above 1.6 cents to validate direction.