Technical analysis by CryptoAnalystSignal about Symbol SXP: Buy recommendation (10/6/2025)

#SXP The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout. There is a major support area in green at 0.1580, which represents a strong support point. We are heading for consolidation above the 100 moving average. Entry price: 0.1619 First target: 0.1637 Second target: 0.1662 Third target: 0.1691 Don't forget a simple matter: capital management. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.