SWIF is trading at $0.004324, marking a 9.5% 24-hour increase and an 11.9% gain against Bitcoin.
The token’s support is at $0.00335, with resistance observed at $0.005039 in current technical levels.
Market capitalization remains near $4 million despite recent volatility following the matrix attack.
Sheep Wif Hat ($SWIF) has maintained notable stability despite recent volatility linked to the so-called matrix attack. The cryptocurrency’s market capitalization remains near $4 million, showing resilience in price movements over the last 24 hours.
At the time of reporting, $SWIF traded at $0.004324, reflecting a 9.5% gain within the daily session. The token’s value against Bitcoin also rose 11.9%, reaching 0.073631 BTC. These figures indicate short-term upward momentum within a tightly held price range.
SWIF Holds Steady Within Narrow Range Above Key Support
In recent trading activity, $SWIF maintained a position above its established support level of $0.00335. This threshold has acted as a floor, preventing deeper declines in recent sessions. The market also observed a consistent holding pattern, with the token’s intraday fluctuations staying within a narrow corridor.
Technical readings indicated resistance near $0.005039, which continues to cap potential upside moves. However, the price action displayed compressed volatility, with several sessions closing within proximity to the current market level.
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The trading chart shows alternating red and green candlesticks over the observed period. This pattern reflects active buying and selling without decisive breakouts. Volume readings suggested moderate activity, with occasional spikes that briefly shifted price momentum. Notably, despite prior downward pressure, price corrections have repeatedly found support before recovering. The $SWIF/USD pair’s ability to remain near $0.0043 after earlier declines suggests market participants are still engaging within defined technical ranges.
SWIF Market Stabilizes as Traders Monitor Key Levels
The $SWIF performance comes in the aftermath of the matrix attack incident, which initially pressured the token’s valuation. Nevertheless, the market cap has stabilized around the $4 million mark. This sustained valuation underlines the impact of support and resistance dynamics in short-term market structure.
Traders are still waiting to see whether the $0.005039 resistance can break or not, and they are watching to see whether the $0.00335 support will break to determine the downside risk. The recent price dynamics are pointing towards a neutral market with neither buyers nor sellers gaining momentum.
