Solarnetwork
$SXP mid/long term analysis#sxp newly branded #solarnetwork weekly price chart is cooled down well for some upside moves.
Upper orange box is the ichimoku cloud resistance zone for quick movement. If price reaches there and breaks out, new ath will be expected in mid/long term.
Hard declination from 1W ichimoku zone will trigger price to test the trend line support. If this ascending trend channel support would be broken, the target will likely be the upper thin orange box and that' ll be the incredible buy zone.
Short term upside movements may be necessary.
Not financial advice.
SXPUSDT Double Fibonacci Resistance and Potential GainsSXPUSDT showcases a transition from supply to demand zones, successfully respected within its price action. Notably, the bounce off the 61.8% Fibonacci retracement level, coupled with the subsequent rebound from the 38.2% support and the clean bounce off the simple uptrend trendline, indicates the initiation of an upward wave.
As a result, our forecast anticipates SolarNetwork to persist in its upward trajectory towards the double Fibonacci resistance area near $0.54. Should this level be attained, traders and investors could secure a solid 30% gain.