InstaForex

August 25, 2021

Swipe (SXP) Continues to Record Highest Level, Make FOMO Investors?

 Swipe, known as SXP, is gaining popularity because it connects the use of crypto to the real world.


This week’s trading session, Swipe has produced a 27% jump reaching the latest high of $ 4.58 in today’s trading session.


Although today’s market showed weak price movements, Swipe remained showing positive price movements attracting the attention of investors.


A statement released from ‘Houbi’ on twitter about Swipe’s listing has prompted the price to move positively today.


🔥Huobi Global Will List $ SXP (Swipe) @Swipe 👏


Deposits: 04:00 August 25 (UTC)


Details: https://t.co/ERUh8NJWjv pic.twitter.com/h2ZJAc7MOK


- Huobi (@HuobiGlobal) August 25, 2021


Let's take a look at the SXP/USDT movement chart that attracts investors.



When the SXP analysis article was released last June, the SXP was trading at the $ 2.0 price level.


However, consistently the SXP has produced a 130% jump so far in today’s trading session.


From a technical point of view, the price movement is seen to remain with a bullish pattern and is hovering either to make a correction or continue the high surge.


Crypto analysts expect that, if the SXP remains in a bullish pattern, the resistance level around $ 4.40 will be tested first before making a higher jump.


Meanwhile, if the SXP returns to show a bearish pattern, the RBS (resistance become support) level around $ 3.40 should be tested first before continuing the decline to the lowest level.


At the time of writing, the SXP is trading at $ 4.2 up over 13% in the last 24 hours. Coins are currently ranked 108th in the crypto market.