Technical analysis by Zorroreny about Symbol SLP: Buy recommendation (5/30/2025)

SLP is oversold and has developed weak bullish divergence. It seems we are doing rounded bottom formation on larger scale and have pattern similar to XRP just lagging behind it. I am expecting bounce up to fibb 0.618 level pivot and then correct back to fibb 0.382 to flip that level into support thus opening path to test of ATH and likely wick into new ATH range.