Trading Setup Shows SLP Ready For 0.0024 Target Move

[MadWhale]

Hello️
Let’s analyze Smooth Love Potion’s price action both technically and fundamentally .

Fundamental analysis:
SLP’s supply cap and burn program aim to keep tokens scarce, which could ease selling pressure if done consistently. But since Axie’s team adjusts it monthly, there’s still some execution risk.

Technical analysis:
SLP is trading within a descending channel, approaching strong daily support and a key trendline; a breakout above the marked resistance could drive a 30% rally toward 0.0024.

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[Nahid Hossen]

Solid breakdown I’ve been watching SLP closely, this channel breakout could be huge

[Rimon Khan]

Solid breakdown I’ve been watching SLP closely, this channel breakout could be huge