SolarX (SXCHUSD) Price Forecast: November 30
SolarX bulls are back, this time with a bang. The coin price is trending up and may reach the $0.060 supply level soon. The coin market had a strong performance recently as Bitcoin approaches $100k. This upward movement aligns with broader cryptocurrency trends, reinforcing positive sentiments in the crypto market. As a result, if buyers can put more and additional effort into their market tension, the trend will shift upward to the $0.060 high value, resulting in a higher profit for the coin holders.
Key Levels:
Resistance Levels: $0.032, $0.033, $0.034
Support Levels: $0.025, $0.024, $0.023
SXCH (USD) Long-term Trend: Bullish (4H Chart)
On higher time frames, the SXCHUSD price is trending up and remains bullish. Obviously, prices are trending above the EMA-50, suggesting a bullish trend due to the significant impact of buy investors.
The bulls’ high order flow to a $0.031 resistance level in the last session has contributed to the coin’s strength in its recent high.
Today’s 4-hour chart shows a broader recovery in prices. As the bulls took their stand to continue trending up, the SolarX price jumped to a $0.036 supply level above the EMA-50 at the time of writing this article.
As a result, staying above moving averages indicates a high likelihood of a bullish pattern continuation. Hence, a strong break up above the $0.057 previous high level would amplify the bullish pressure on the crypto.
Meanwhile, the market price of SXCHUSD is pointing up on the daily stochastic, implying that the bulls may continue trending up. Hence, the expected upside in the coin price could be high at $0.060 value soon in its long-term outlook.
SXCH (USD) Short-term Trend: Bullish (1H Chart)
The coin price is currently facing overhead resistance and remains in a bullish market in its medium-term outlook. Furthermore, the SXCHUSD is trending above the 50-day moving average, approaching the upper resistance, suggesting a robust uptrend. The sustained bullish pressure to a $0.030 high level in the previous action has led to the coin’s recent high.
As the 1-hour chart resumes today, the bulls have reached the resistance level of $0.032 above the EMA-50. However, the buy traders could not relent, as they aim to continue trending up and drag the SolarX price to a significant level at the upside.
However, the bullish correction at the mentioned resistance level indicates that the bulls are planning to move the price of SXCHUSD to a high level; the $0.060 supply trend line might be the target in the future as the crypto price keeps trending up in its lower-term perspective.
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