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SolarX (SXCHUSD) Price Maintains its Bullish Trend

Johnathon Fox
06/21/2024 | UPDATED ON: 06/21/2024

SolarX (SXCHUSD) Price Forecast: June 21
Despite the broader market condition and whale selling, SXCHUSD‘s price maintains its bullish trend above the pattern’s resistance trend line, keeping the bullish pattern. The cryptocurrency is showing optimistic indicators above its supply value of $0.080. If coin holders demonstrate strength and the coin price remains above the previous high value of $0.097, the bullish trend could extend to a high of $0.100 level and beyond, resulting in a greater opportunity for the coin traders to invest.

Key Levels:
Resistance Levels: $0.070, $0.080, $0.090
Support Levels: $0.058, $0.057, $0.056

SXCH (USD) Long-term Trend: Bullish (1H Chart)
SXCHUSD pair remains bullish and maintains its bullish trend in its long-term perspective. The coin is trading above the EMA-50 and is currently facing resistance at its recent high.
SolarX (SXCHUSD) Price Maintains its Bullish Trend
Buyers’ push to a $0.054 supply value during the previous session has enabled the crypto to remain strong and maintain its bullish trend above the trend line in its recent high.

The market value of solarX which spikes up to a $0.090 high mark above the resistance levels at the opening of the hourly chart today, indicates that the crypto market maintains its bullish trend.

Therefore, if the current pattern holds, the crypto price may swing up to retest the $0.097 high mark, prolonging its bullish trend.

Hence, more upsides are possible as indicated by the momentum indicator which is in an upward direction. This means that the price of SolarX will maintain its bullish trend and remain in an ascending channel to reach the $0.100 upper resistance level soon in its higher time frame.

SXCH (USD) Short-term Trend: Bullish (15-Minute Chart)
SXCHUSD’s price continues to maintain its bullish trend and remains above the resistance levels, confirming its bullishness in its short-term outlook.
SolarX (SXCHUSD) Price Maintains its Bullish Trend
The persistent bullish action on the crypto in the past session has enabled the price to maintain its bullish trend in recent times.

Increased momentum by the bulls moves the market price of SolarX further up to the $0.090 resistance level above the EMA-50 as the 15-minute chart opens today, as it journeys up north.

A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery as it maintains its bullish trend.

Further, the SXCHUSD price indicates an uptrend on the daily stochastic, therefore, if the coin buyers could hold above the $0.096 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY.

As a result, the price could pump or surge upsides to hit the $0.100 resistance value as soon as it maintains its bullish trend in its short-term outlook.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « Lucky Block Price Prediction: LBLOCKUSD Looks for an Upside Reversal at $0.0000181 Low Value
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