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#SXP/USDT

68
#SXP


The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.

We are seeing a rebound from the lower boundary of the descending channel, which is support at 0.1915.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.

We are looking for stability above the 100 Moving Average.

Entry price: 0.1979
First target: 0.2016
Second target: 0.2065
Third target: 0.2121

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