Grayscale Launches SXT Trust: Microsoft-Backed Protocol Enters Institutional Markets

On the 4-hour chart, SXT price has decisively broken above a descending parallel channel, with price trading near $0.0752 at the time of writing. The move follows a mid-range reclaim and breakout from upper channel resistance.

RSI has risen to 70.49, indicating strong buying interest and entry into overbought territory. The 14-period RSI average at 49.06 confirms a bullish divergence. If the $0.073–$0.075 zone flips into support on a retest, continuation toward $0.095–$0.10 could follow. That level aligns with a historical supply zone.

However, a failure to hold above $0.073 might trigger a pullback toward the lower band of the former channel.

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Parshwa Turakkhiya is a skilled financial writer with a strong background in covering crypto, forex, stock markets, and global finance. With a focus on translating complex financial topics into clear, actionable insights, he creates content tailored to both professional and retail investors.