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SXT actually has some background—it's backed by Microsoft. That's right, the tech giant Microsoft. With such a level of company support, its technical strength and resources should not be lacking. Interestingly, since its launch, SXT hasn't experienced significant price increases, acting like a "sleeping" asset, until recently when it seems to have been awakened.
The recent surge is directly due to the project team launching a new promotional activity: users holding ETH flexible financial products can earn an additional 5% annualized SXT rewards, and have a chance to share a $30,000 SXT prize pool. Such activities often boost demand in the short term and attract attention.
From a technical perspective, SXT surged nearly 10% within 15 minutes, clearly indicating capital inflow, and the trend broke out. However, it's also important to remain calm and note that several common indicators, such as MA moving averages, are still in a bullish alignment, but the short-term gains are excessive, approaching overbought territory, and a correction could happen at any time.
This leads to our observation: SXT has long been inactive, but now, with both news and technical factors working together, does this mean it's entering a new phase? Especially with a strong backer like Microsoft, if it combines more real-world applications or ecosystem collaborations in the future, the potential is quite significant.
So, if you also believe in its background and technical prospects, you might want to watch for the next correction opportunity. After all, tokens with solid backing that haven't been overly hyped can be a good low-position entry. If you can hold on, the subsequent space might be even more promising.
Of course, the market is always volatile, and news can change at any time. No matter how optimistic you are, don't go all-in at once. Stagger your entries and control your position size—that's the safest approach. Especially if it has surged too much in the short term, wait for a correction before acting, which might give you more peace of mind.
This time, SXT's movement is quite notable, and with Microsoft involved, it definitely warrants more attention. Hold patiently, stay optimistic about the future, and perhaps you'll find a different kind of gain. $SXT #加密市场回调