The price of Swipe (SXP) has been gaining positive momentum since 25th March, and it did manage to reach a new all-time high (ATH) price for a short period of time. The price of Swipe (SXP) has been speculated to increase gradually, nearing the mark of $8.
The Bull Run of Swipe (SXP)
Swipe (SXP) has been experiencing an upward trend since the start of 25th March. At that time, the crypto asset was being traded at a very low price of $2.62. Since that time, the value of Swipe (SXP) has gained about 95%, which helped in reaching its new all-time high (ATH) of $5.14. The value of Swipe (SXP) is expected to keep on increasing until it reaches the price of $8 in its current bull run. The new all-time high (ATH) of Swipe (SXP) is not too much above its previous ATH, which was at $4.99. The previous ATH of Swipe (SXP) was acquired by the crypto asset on 13th August 2020.
The technical indicators show a bullish upward trend in the daily time charts. The value of MACD is increasing and constantly positive. The RSI also has a similar pattern. The Stochastic oscillator, however, has not yet shown any sign of a bullish trend, but it is very close to showing it on the charts.
@Thebull_Crypto, a crypto asset trader, mentioned a Swipe (SXP) chart trend, showing that the price of the crypto asset is likely to go up even further in the near future. While the bullish trend is currently active, the most important thing for the price of Swipe (SXP) is the wave count, which will determine the next possible resistance points for the crypto asset.
Swipe (SXP) Wave Count
The wave count of Swipe (SXP) shows that the crypto asset is likely to extend in wave three (white). The crypto asset is currently in a sub-wave three (orange), trailing behind a flat running correction of the sub-wave two. This is speculated to be a bullish trend and mostly leads to a major increase in the price of the asset. Swipe (SXP) is speculated to gain momentum towards the next resistance point, which is 10,500 satoshis.