$SXT **SXT/USDT: Layer 1 Token Faces Sharp Decline**
The SXT/USDT pair is currently trading at **$0.1089**, reflecting a significant **-17.00%** drop in the past 24 hours. As a Layer 1/Layer New project, SXT's volatility highlights the challenges faced by emerging blockchain platforms in a competitive market.
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### **Key Metrics:**
- **24h Range**: Prices plunged from a high of **$0.1359** to a low of **$0.1077**, indicating strong bearish pressure.
- **Trading Volume**: **131.64M SXT** (or **$16.04M USDT**) traded, suggesting heightened selling activity.
- **RSI**: While not explicitly shown, the steep decline suggests the token may be oversold, potentially signaling a short-term rebound or further downside.
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### **Technical Outlook:**
- **Resistance**: A recovery above **$0.1359** would be needed to reverse the bearish trend.
- **Support**: Holding **$0.1077** is critical; a break below could lead to deeper losses.
- **Volume Analysis**: High volume during the sell-off confirms strong downward momentum.
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