Technical analysis by CryptoAnalystSignal about Symbol SLP: Buy recommendation (3/12/2025)

#SLPThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.We are seeing a bounce from the lower boundary of the descending channel, this support at 0.001550.We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.We are looking for stability above the 100 moving average.Entry price: 0.001720First target: 0.001800Second target: 0.001887Third target: 0.001997