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SolarX (SXCHUSD) Hints Uptrend Continuation

Johnathon Fox
06/13/2024 | UPDATED ON: 06/13/2024

SolarX (SXCHUSD) Price Forecast: June 13

SolarX price hints uptrend continuation, driving the market price for an intraday gain as the bulls remain dominant. The coin is in a position for an uptrend continuation pattern as the crypto is in an ascending channel making higher highs and higher lows. The coin might swing up and break its previous high of $0.115 level if further bearish pressure is restricted. The bullish correction phase will extend to meet the resistance at the $0.120 upper trend line.

Key Levels:
Resistance Levels: $0.114, $0.115, $0.116
Support Levels: $0.075, $0.074, $0.073

SXCH (USD) Long-term Trend: Bullish (Daily Chart)
SXCHUSD hints at an uptrend continuation with positive momentum in its long-term perspective. The coin is trading above the EMA-50 and faces resistance at the recent high.
SolarX (SXCHUSD) Hints Uptrend Continuation
The bulls made an increase to the $0.000010 high mark above the EMA-9 shortly after the daily session opened today. This indicates that the buy investors are dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price of SXCHUSD will move above the key levels.

The sustained bullish pressure to the $0.068 supply value during the last trading session has made it possible for the SolarX market to hint at an uptrend continuation in its recent high.

However, a high rejection at the $0.079 current supply level above the EMA-50 as the 1-hour chart resumes today reflects long traders having started booking their profits.

Therefore, an hourly candlestick closing above the $0.115 high mark is important to confirm a bullish breakout.

Meanwhile, further upsides are likely as the price signal is pointing upward, indicating that the bullish rally will continue and may likely break the $0.115 high mark which might hint at an uptrend continuation to the $0.120 supply value in the coming days in the long-term

SXCH (USD) Short-term Trend: Bullish (15-Minute Chart)
SolarX pair hints at an uptrend continuation and remains in a bullish trend in its short-term outlook. The bulls are trying not to fall this time around. Further, the coin prices are traded above the moving average lines, this confirms a bullish trend.
SolarX (SXCHUSD) Hints Uptrend Continuation
The market price of SXCHUSD which increases to the $0.079 high level above the moving averages suggests an uptrend in the context of the strength of the market. Thus, closing the 15-minute session above the $0.115 supply value will put the trade more on the buy side.

Hence, the pair pointing up on the daily stochastic means that the SolarX market buying pressure may continue, and suggests a possible recovery of the $0.120 supply level in the coming days as it hints at an uptrend continuation in the short-term time frame.

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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 →
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