🔍 SFP Analysis – Volume Spike Signals Reversal? 🔍
🛡️ SafePal (SFP) is a DeFi token known for its wallet ecosystem and Web3 integrations. After a prolonged downtrend, recent volume spikes suggest a potential reversal setup.
📈 Technical Analysis
- Short-term trend: Bullish reversal attempt
- Support: $0.4550 | Resistance: $0.4880
- Pattern: Double bottom forming with neckline at $0.475
- Volume: 132% daily spike, confirming accumulation phase
- RSI: Near 61, trending upward
- Outlook: Bullish if price holds above $0.4670
📰 Market Data & News
- Current Price: $0.4678
- 24h Change: +1.08%
- No major headlines, but technical interest rising
🔄 Scenario Breakdown
- Bullish Case: Break above $0.4880 confirms reversal toward $0.52–$0.56. TP: $0.52 / SL: $0.455
- Bearish Case: Drop below $0.455 invalidates setup. TP: $0.430 / SL: $0.470
📊 Sentiment Meter
📈 Bullish Momentum – Strong volume spike, reversal setup forming
⚠️ Risk Level
🟡 Medium – Confirmation needed above neckline
💬 Will SFP reclaim $0.488 or fade back to $0.455? Share your setup below 👇
📉 Strategy deployed. Click the chart and follow the technical roadmap. Every move is backed by data—let’s trade smart. 📢 Like, Follow & Share to amplify informed trading.
📢 Not financial advice. Always DYOR and manage your risk.
SFP #TheCryptoMalik