Unusual Trading Volumes Detected in 5 Altcoins in South Korea
Unusual Trading Volumes: Significant increases in trading volumes for several altcoins, including Solar (SXP), Jupiter (JUP), Beam (BEAM), Loom Network (LOOM), and Mina (MINA), were detected on South Korea's Upbit exchange, with some tokens seeing over 300% increases compared to their 50-period moving averages.
Comparative Analysis: While Upbit experienced surges in trading activity for these altcoins, Binance showed contrasting trends, with many of the same tokens experiencing declines in trading volume.
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Technical Analysis for SXP
Technical Sentiment Analysis for Solar (SXP) As of , Solar (SXP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SXP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SXP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solar (SXP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00456 | 0.0139 | 0.0221 | 0.0314 | 0.0396 | 0.0489 | 0.0571 |
| Fibonacci | 0.0139 | 0.0206 | 0.0247 | 0.0314 | 0.0381 | 0.0422 | 0.0489 |
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