$SXT /USDT BULLISH ANALYSIS: BREAKOUT POTENTIAL ABOVE RANGE RESISTANCE
The $SXT/USDT pair is exhibiting bullish momentum, currently trading at $0.0724 (+9.70%), with price action approaching the key resistance zone at $0.0760–$0.0761. The increasing volume and strong daily recovery suggest that bulls are gaining control.
🔍 Key Price Levels:
Current Price: $0.0724
24h High/Low: $0.0761 / $0.0660
Volume (24h):
SXT: 67.52M
USDT: 4.83M
📊 Technical Overview:
Resistance:
Minor: $0.0740
Key: $0.0760 – breakout above this could lead to $0.0800 and $0.0850
Support Levels:
Immediate: $0.0700
Strong: $0.0660 (24h low and bounce zone)
Trend: Price is creating higher lows, indicating sustained buying interest.
Momentum: A mild intraday pullback (-0.41%) is healthy and shows consolidation before a potential breakout.
Volume: Increasing volume on upward moves confirms buyer strength.
🟢 Bullish Scenario:
If $SXT breaks and holds above $0.0761, expect momentum toward $0.0800 and then $0.0850. Strong bullish confirmation if price closes a 4H candle above $0.0760 with volume.
🔻 Bearish Invalidations:
A drop below $0.0700 weakens momentum.
Breakdown below $0.0660 flips trend to neutral/bearish short-term.
Conclusion:
$SXT/USDT is in a bullish setup, approaching a crucial resistance. Watch for a breakout above $0.0761 — it could trigger a sharp move higher. As long as it holds above $0.0700, the bullish outlook remains valid.
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