SolarX (SXCHUSD) Price Forecast: June 20
SolarX‘s price might reach the overhead trend levels as the price hints at an uptrend continuation, providing buyers with a better signal. The coin is facing high pressure from the bulls, thus, a sharp breakout and closure above the $0.101 high value will invalidate any bearish thesis and the price might reach the high $0.150 upper resistance level and beyond, leading the coin price to a potential high for the coin buyers.
Key Levels:
Resistance Levels: $0.090, $0.100, $0.110
Support Levels: $0.075, $0.074, $0.073
SXCH (USD) Long-term Trend: Bullish (1H Chart)
SXCHUSD‘s long-term prognosis remains in a bullish trend and the price might reach the overhead resistance level as the bulls are trying not to fall this time. Furthermore, coin prices are trading above the EMA-50, indicating a bullish trend.
During the previous action, the buy investors made a jump to the $0.054 supply value and held it there, allowing the cryptocurrency to remain strong above the trend line in its recent price level.
The momentum continues today, as the bulls made a corrective move to a high at the $0.063 mark above the EMA-50 as the 1-hourly chart opens today.
This shows the high impact of the buy investors on the SolarX market and the price might reach the $0.101 previous resistance level also, the downside risk remained uncertain.
Notably, the SXCHUSD price is also pointing upwards, which suggests that the coin price may likely continue in an upward trend and might reach the $0.150 upper supply trend line soon in its higher time frame.
SXCH (USD) Short-term Trend: Bullish (15-Minute Chart)
It could be observed that SolarX price is progressing forward and this might reach the upper resistance level soon in its short-term outlook. Further, the coin prices are close to the upper high level above the moving average lines; this confirms a strong bullish trend.
The high order flow of the bulls to the $0.54 supply value during yesterday’s session also added to its bullishness in its recent high level.
The market price of SXCHUSD which increases to the $0.63 high level above the moving average line suggests an uptrend in the context of the strength of the market and might reach the $0.65 previous high levels soon. Thus, closing the 15-minute session above the mentioned previous value will put the trade more on the buy side.
Furthermore, more gains are expected, as evidenced by the stochastic oscillator moving upwards, indicating an uptrend. According to current trends, the bullish rally might reach the $0.150 high value soon in its lower period.
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