$SLP /USDT Technical Analysis (4H Chart)

💰 Current Price: $0.001488 (+3.62%)

📊 Moving Averages:

MA(7): $0.001407

MA(25): $0.001387

MA(99): $0.001529

✅ The price has recovered MA(7) and MA(25) and is now heading towards MA(99) — this could be a trend reversal zone.

🔄 Developing Reversal Rally

After weeks of decline, SLP has just printed a strong bullish engulfing candle breaking the short-term resistance.

This marks the first serious upward impulse since late May — momentum traders are now watching closely.

📈 Momentum Snapshot:

The MAs are turning upwards for the first time in the current cycle.

If the price breaks above MA(99) at $0.001529, the next target zone opens towards $0.00160–$0.00172.

🧱 Key Levels:

Support: $0.00142 → $0.00138 → $0.00132

Resistance: $0.00153 → $0.00160 → $0.00172

🎯 Trade Idea:

Breakout Entry: Above $0.00153 with a target at $0.00165–$0.00172

Conservative Entry: Retracement to $0.00142–$0.00145 with a stop below $0.00138

Volume and stability of BTC will be key to confirm the momentum.

⚠️ DYOR – Do Your Own Research.

This is not financial advice. Markets can be volatile — always trade responsibly!

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$SLP