TRENDING:
Oil price
XAU/USD
EUR/USD
Trade War
GBP/USD
Silver
Sponsored by
Login
|

Swipe Technical Analysis: SXP/USD inches away from a new all-time high after Binance acquisition

  • SXP/USD is up 650% in the last month.
  • The parabolic bull run was caused by Binance and its acquisition of the platform.
Swipe Technical Analysis: SXP/USD inches away from a new all-time high after Binance acquisition
Lorenzo StroeLorenzo StroeIndependent Analyst

Swipe is climbing the market capitalization ranks with a ton of trading volume while getting closer to its all-time high at $2.11. 

SXP/USD daily chart

SXPUSD

SXP is currently overextended on most time-frames and it’s looking for a pullback, however, FOMO is keeping the digital asset from seeing a sell-off. The trading volume has been increasing significantly over the past week and the daily RSI is close to 93 points.

SXP/USD 4-hour chart

sxpusd

The 4-hour chart is in a healthy uptrend with short periods of consolidation followed by continuation moves. The RSI has been overextended many times here as well, however, bulls have managed to cool it off.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

More from Lorenzo Stroe
Share:

Editor's Picks

Crypto Today: Bitcoin, Ethereum, XRP lag recovery as Israel and Iran attack each other

Crypto Today: Bitcoin, Ethereum, XRP lag recovery as Israel and Iran attack each other

Cryptocurrency prices remain under pressure on Monday as market participants navigate tensions in the Middle East after Israel and Iran attacked each other for the first time since the peace deal agreement that was reached in Early April.

Bitcoin Price Forecast: Institutional selling, Middle East tensions keep BTC under pressure

Bitcoin Price Forecast: Institutional selling, Middle East tensions keep BTC under pressure

Bitcoin remains under pressure, struggling below $64,000 on Monday after posting its worst one-week return this year. Institutional sell-off remains severe with spot Exchange Traded Funds recording the fourth week of steady outflows of billions since mid-May.

Hyperliquid rebounds as retail interest offsets first-ever ETF outflows

Hyperliquid rebounds as retail interest offsets first-ever ETF outflows

Hyperliquid price is up 6% at press time on Monday, extending the 5% rebound from the previous day. The rebound aligns with HYPE's regaining retail strength in the derivatives market, offsetting the first-ever daily outflows from Exchange-Traded Funds.

Pi Network extends bearish trend as low volumes stall recovery

Pi Network extends bearish trend as low volumes stall recovery

Pi Network (PI) price hovers below $0.1300 at press time on Monday, following its sixth consecutive weekly loss of 12%. A declining trend in trading volume shadows the falling PI token prices, reflecting weak demand failing to absorb supply pressure.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.