$SXP I’ve been watching SXP (Solar) closely today, and it just staged one of the most violent breakouts of the week. It surged over 44% in just a few hours, jumping from $0.019 to trade near $0.0276. For a coin that’s been relatively quiet, this is a massive wake-up call.
Here is what I’m seeing on the charts:
🟢 Why I’m Watching (The Bullish Breakout)
To me, this move looks like more than just a random pump. SXP has been building its Layer 1 ecosystem for a while now, focusing on a decentralized, carbon-neutral blockchain for payments.
The technicals are screaming bullish strength. We just saw a "Triple EMA Cross" where the short-term EMA7 shot above both the 25 and 99-day averages.
This usually signals a major shift in trend. The community is also electric right now, with a massive spike in social volume as traders realize SXP is outperforming the rest of the altcoin market by a wide margin.
🔴 What Worries Me (The Overbought Heat)
But I have to be the voice of caution—this move is "insanely" overextended. My RSI indicators are currently at extreme levels (well above 80), which means the coin is heavily overbought.
I also noticed that as soon as the price hit $0.027, the outflows started to spike. It looks like the "Smart Money" is already taking profits and moving their SXP back onto exchanges to sell. I’m seeing huge "ask walls" (sell orders) stacking up at the next resistance levels.
If the volume starts to fade, we could see a "mean reversion" back toward the $0.022 area just as fast as we went up.
My Plan:
I love the Solar narrative for 2026, but I am not buying a 44% green candle. I’m going to wait and see if the price can hold the $0.023 - $0.025 level as new support.
If it consolidates there and the RSI cools down to a more reasonable level, I’ll look for a safer entry.
For now, I'm staying on the sidelines to avoid getting caught in a "dump."
#sxp #Solar