SLP - Outlook ✅Let's see how SLP is behaving.
This is a 1H chart. (Valid for 24 hours)
The Fib retracement shows that the price has been consolidating since it looks like that this coin has no lower place to go.
The market is showing SELL volumes for SLP.
Two resistance levels push down on value, and two support levels hold the price high and show strength.
This local support is our last hope to turn the market into bullish. If the price drops lower, we will have to fight more strong resistance levels on the solid support.
The RSI shows that SLP is under the 50 levels, the center. And it's going near the lower edge again. We will have a short-term bearish run if we don't get enough buy volumes.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $
Let me know your ideas.
Good luck.