The price of Space and Time (SXT) has lost momentum in recent days due to declining trading volumes and futures interest.
Current Situation Overview for SXT
On July 28, Space and Time was trading at $0.096, down 25% from its monthly high, with a market capitalization of over $134 million.
Market and Volume Analysis
The recent pullback is attributed to fading interest in news regarding the Grayscale fund. Daily volume for SXT has dropped to $35 million from over $50 million earlier this month, with most volume occurring on Binance, Gate, and MEXC.
Technical Analysis of SXT
The daily chart shows the price of SXT started rebounding from $0.0588, soaring 112% to $0.1250. Currently, SXT is trading slightly above the 25-period Exponential Moving Average and the lower side of the ascending channel. If it remains above these levels, a potential retest of $0.110 could occur.
The decline in interest for the Space and Time token correlates with broader market trends and changes in trading volumes. Technical analysis suggests that positive prospects remain if critical levels are sustained.
