$SXP
Technical Analysis of the Chart
The chart illustrates a volatile February for SXP:
The Bearish Slide: SXP started February 2026 near $0.028, but faced a steady decline throughout the middle of the month, likely triggered by the "transparency crisis" and delisting news from South Korean exchanges.
The Local Bottom: A sharp capitulation occurred between Feb 19 and Feb 20, where price tested the $0.019 support level (its all-time low in this cycle).
The "V-Shaped" Recovery: On Feb 21, the chart shows a significant bullish engulfing candle. SXP surged from the $0.019 lows to test the $0.026 resistance—a recovery of over 30% in 24 hours. This spike is often driven by "short squeezing" or speculative buying at extreme support.
Parameter Level/Value Rationale
Entry Zone $0.0195 – $0.0205 Near recent historical lows where RSI shows exhaustion.
Primary Target $0.0360 Aligns with 2026 average price predictions and psychological resistance.
Secondary Target $0.0630 Optimistic target if the Core 5.0 Mainnet launch sparks hype.
Stop Loss $0.0180 Exit immediately if it breaks previous support to avoid a "falling knife."
Risk/Reward ~1:3 Calculated based on the $0.036 target.
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