Swipe (SXP) Rallies Over 200% in a Single Week

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In Brief
  • SXP is facing resistance between 22,000 and 26,000 satoshis.

  • The upward trend is showing short-term weakness.

  • There is support between 12,000 and 14,000 satoshis.

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The Swipe (SXP) price shot up by nearly 250% over the past ten days. However, it has reached an important resistance area and the upward trend is showing weakness, indicating that a retracement could occur. SXP Goes Parabolic The SXP daily chart shows a parabolic increase that started on July 13. It reached the 22,000 satoshi resistance area before creating a long upper-wick and has
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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