Technical analysis by CryptoAnalystSignal about Symbol SXP: Buy recommendation (5/4/2025)

#SXPThe 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 rebound from the lower boundary of the descending channel, which is support at 0.1915.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: 0.1979First target: 0.2016Second target: 0.2065Third target: 0.2121