SolarX (SXCHUSD) Price Forecast: June 27
Today, the SXCHUSD pair is rising, showing more jumps ahead. The coin is about making the noise again in the crypto charts, after long hours of low-dips. Amid the selling pressure, the coin gave a bullish breakout from $0.080 indicating more jumps ahead. Meanwhile, the coin price will most likely continue its bullish run, and if the price can break up the $0.104 barrier, we can expect a good upside momentum up to the $0.110 upper supply level and a potential buy signal.
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 shows more jumps ahead in its long-term perspective.
The price currently trades above the EMA-50 making higher highs and moving towards the major upper resistance area.
The sustained bullish pressure at the $0.075 level during the previous action made it possible for the buy investors to retain the strength and show more jumps ahead in its recent high.
Earlier today, the coin buyers responded to the market after testing the bottom support and breaking out from the support trend line to a high at the $0.080 supply value above the EMA-50; this is an indication of more jumps from the buy traders and bullish commitment.
This would also provide buyers with a solid entry point. Thus, a breakout above the $0.104 previous barrier level could propel SolarX higher by 20%.
Similarly, more jumps are ahead as the coin price suggests an uptrend on the daily signals which is pointing upwards. This means that the selling pressure is not likely to continue.
In light of this, the bulls may likely touch the $0.110 high value in the days ahead in its long-term outlook. a high at the $0.080 supply value above the EMA-50; this is an indication of more jumps ahead from the buy traders and bullish commitment.
SXCH (USD) Short-term Trend: Bearish (15-Minute Chart)
SXCHUSD is bearish and shows more jumps ahead in its short-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few minutes. However, this will soon be invalidated as the trend has just resumed its rising pattern for more jumps ahead.
As of now, the SolaX price is trading at the $0.080 supply mark below the moving averages, showing a 1.09% gain for the day.
The coin’s price has attempted to break out of a long-term trend line with an intense buying force, showing more jumps ahead. A potential bullish crossover above the previous high of $0.095 moving signal line projects a buy signal.
The market price of SXCHUSD is pointing up in the oversold region; this means that the momentum in the coin price will likely remain and continue in an upward move. We can now expect the next jump by the bulls to reach a $0.110 upper resistance level in the days ahead as it shows more jumps ahead in its lower time frame.
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