## Overview of Solar (SXP)
Solar (SXP) is the native token of the Solar Network blockchain platform, launched in December 2021 as a rebranding of Swipe after being acquired by Binance. Solar is a Layer-1 blockchain with Delegated Proof-of-Stake (DPoS) consensus, managed by 53 elected block producers, providing energy-efficient, fast, and secure transactions. The platform focuses on decentralization, sustainable development, and integration of blockchain with real business applications. SXP is used for:
- Transaction fees: Payment of gas and services in the ecosystem.
- Staking: Up to 12% APY, participation in selecting block producers.
- Governance: Voting in Solar DAO.
- Applications: Support for dApps such as District 53 (metaverse), tymt (gaming launcher), BrighterVPN and e-SIM for travelers.
Solar is integrated with Binance, MEXC, KuCoin, HTX, Bybit, supported by YZi Labs (ex-Binance Labs), Alameda Research. Total supply: ~650 million SXP, in circulation ~634–650 million.
- Price (July 25, 2025): ~$0.19–$0.365 (CoinMarketCap, Binance, Coinbase, CoinGecko). Discrepancies due to volatility after listings.
- Market capitalization: ~$127–$229.8 million (rank #304–392).
- Trading volume (24h): ~$4.46–$111.66 million, volatility (-71.5% to +81.6%).
- News:
- Airdrop: 20 million SXP through Binance HODLer Airdrop (July 2025).
- Listings: Binance, Coinbase, Upbit (July 17, 2025), growth of 121%.
- Solar Virtual Machine (SVM): Launch of smart contracts in 2025.
- Negative: Cyberattack with fake wallets (July 4, 2025), drop of 5–6%.
- Bullish sentiment: 60–70% of posts on X are optimistic (@CryptoJournaal).
## Technical analysis
- Current situation: The price of SXP has fallen by 93.8–96.5% from ATH ($5.79–$5.86, May 2021) and is trading at $0.19–$0.365, with changes of +2.05% to +6.42% over 24 hours and +11–16.4% over 7 days. A descending channel is visible on the daily chart with elements of a 'cup with handle', support at $0.1841, resistance at $0.3663. RSI is neutral, a breakout is possible.
- Key levels:
- Support: $0.1841–$0.20 (50-day SMA, June low $0.19).
- Resistance: $0.3663, then $0.3811–$0.5781 (Fib 0.618).
- Indicators:
- RSI (daily): ~45.62–60, neutral zone, bullish divergence on 1H.
- MACD: Bullish on 1H/4H, neutral on daily.
- SMA: Price is below the 50-day ($0.20) and 200-day ($0.27) SMA, indicating bearish pressure.
- Volumes: $4.46–$111.66 million, spike after listing (Binance: $823K–$3.66 million for SXP/USDT). Low volumes ($4.46 million) indicate consolidation.
- Chart: Price is testing $0.19–$0.365 in a descending channel. A breakout at $0.3663 could push the price to $0.5781–$0.7559; a breakdown at $0.1841 would intensify the drop to $0.17. Use 1H/4H timeframes. Watch on TradingView (SXP/USDT).
## Fundamental factors
- Positive:
- Ecosystem: SVM, District 53, tymt, BrighterVPN, e-SIM for travelers.
- Partnerships: Binance, YZi Labs, integration with Hashflow 2.0 (June 2025).
- Technical advantages: DPoS, Schnorr signatures, energy efficiency, protection against attacks.
- Bullish sentiment: 60–70% of posts on X are optimistic, #316–394 on CoinGecko.
- Risks:
- Volatility: Drop of 30.71% since the beginning of the year, cyberattack (July 4, 2025).
- Competition: Solana, Avalanche, Polygon in the L1 segment.
- Low activity: Fear & Greed Index for SXP at 13.02 (extreme fear).
- Token unlock: ~634–650 million in circulation out of 650 million, selling pressure may occur.
## Recommendations
- Traders: Buy when holding $0.20 (target $0.3663–$0.5781, stop-loss $0.1841). Sell if it breaks $0.1841 (target $0.17). Use 1H/4H timeframes, monitor volumes and news about SVM.
- Investors: The growth potential is linked to SVM and dApps, but volatility and competition require caution. Await news on TVL and listings.
- Monitoring: Follow X (@solar_network, @CryptoJournaal) and TradingView (SXP/USDT). Check CoinGecko, Binance Square.
Contract: Ethereum: 0x8ce9137d39326ad0cd6491fb5cc0cba0e089b6a9; BNB Chain: 0x47BEAd2563dCBf3bF2c9407fEa4dC236fAbA485A.