Swipe Technical Analysis: SXP/USD inches away from a new all-time high after Binance acquisition
|- SXP/USD is up 650% in the last month.
- The parabolic bull run was caused by Binance and its acquisition of the platform.
Swipe is climbing the market capitalization ranks with a ton of trading volume while getting closer to its all-time high at $2.11.
SXP/USD daily chart
SXP is currently overextended on most time-frames and it’s looking for a pullback, however, FOMO is keeping the digital asset from seeing a sell-off. The trading volume has been increasing significantly over the past week and the daily RSI is close to 93 points.
SXP/USD 4-hour chart
The 4-hour chart is in a healthy uptrend with short periods of consolidation followed by continuation moves. The RSI has been overextended many times here as well, however, bulls have managed to cool it off.
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