Upbit Places SXP on Trading Watchlist Amid Project Concerns
- Project Risk Warning: Upbit has placed Solar (SXP) on its trading watchlist as of January 26, 2026, due to concerns over project viability, halting deposit services immediately, indicating ongoing scrutiny of cryptocurrency projects that may lead to market volatility for trading pairs SXP/KRW and SXP/BTC.
- Market Performance Decline: As per the latest CoinMarketCap update, Solar (SXP) is trading at $0.05 with a market cap of $31.38 million and zero market dominance, experiencing a significant 21.87% price drop in the past 24 hours, while trading volume surged by 695.90% to $31.47 million, reflecting market uncertainty.
- Increased Regulatory Pressure: Expert insights suggest that this scrutiny could lead to heightened regulatory attention and stress tests on the market viability of similar projects, indicating potential financial adjustments in volatile sectors.
- Impact of Historical Trends: Upbit previously restricted other cryptocurrencies like Stellar (XLM) due to network upgrades rather than substantive project issues, highlighting a shift in market scrutiny standards that may influence future investment decisions.
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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 | 0.00455 | 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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