$SXT /USDT is showing clear weakness on the daily chart, currently trading at 0.0154, down 4.94% in the last 24 hours. The price is hovering just above its recent 24h low of 0.0152, signaling strong selling pressure and lack of bullish momentum.
Despite a sharp spike earlier this month to 0.0260, the move was aggressively rejected, forming a classic blow-off top followed by a steady downtrend. Since then, price action has been printing lower highs and lower lows — a textbook bearish structure.
Key observations:
Resistance: 0.0170 – 0.0195 zone (previous consolidation and rejection area)
Major resistance: 0.0260 (spike high, strong supply zone)
Support: 0.0152 (currently being tested)
Breakdown risk: If 0.0152 fails, next downside could open toward 0.0146 or lower
Volume remains relatively high with 47.01M SXT traded, but price continues to slide — indicating distribution rather than accumulation.
Market sentiment is cautious. Unless bulls reclaim 0.0170+, the trend favors further downside. This is a critical zone where either a bounce forms or the market accelerates lower.
High risk. निर्णायक moment for SXT.
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