Telos (TLOS) and Swipe (SXP) Technical Analysis: Bears Halted

Telos and Swipe prices are bouncing back after last week’s losses. SXP is firm above $2 while TLOS remains weak below $0.70 and the middle BB.

Telos (TLOS)

The Telos protocol is set for scalability and speed, allowing the launch and seamless operation of intensive DeFi and deployment of NFTs. TLOS is the primary token.

Past Performance of TLOS

TLOS crypto is steady pressure at the time of writing, adding two percent on the last trading day versus the greenback.

As per TLOS technical analysis in the daily chart, sellers still have the upper hand.

Accordingly, while the TLOS token prices are bouncing higher, it may retrace in subsequent sessions.

Day-Ahead and What to Expect

The TLOS coin is trading at around all-time highs as per technical arrangement in the daily chart.

After steady gains throughout August, the peaks of September could spell more losses of TLOS prices in the medium term.

As such, there might be more losses below $0.70 and the middle BB marking the end of the August 2021 uptrend if bulls fail to flow back.

Telos Technical Analysis

Presently, TLOS sellers have the upper hand as per the candlestick arrangement in the daily chart.

Fast-tracking the dump is the inability of Telos crypto bulls to overcome the losses of September 20.

Also, Telos coin prices are still trending below the middle BB.

Based on this, the TLOS crypto may tumble towards $0.40 in the days ahead.

Swipe (SXP)

The Swipe platform uses APIs to link crypto with the traditional world to build a payment system using SXP tokens.

Past Performance of SXP

As per SXP technical analysis, bulls are back, rewinding losses of the past two days.

With a double bar bullish reversal pattern, the odds of the SXP coin reversing losses and trending higher remain highs in the days ahead.

At the time of writing, SXP is up double digits, adding 12 percent on the last trading day.

Day-Ahead and What to Expect

The SXP coin found support from around July 2021 highs at around $2.

Coincidentally, the level is also around the 78.6 percent Fibonacci retracement level of the July to September 2021 trade range.

The short to medium trajectory depends on whether bulls will confirm September 22 gains.

A follow-through may push the SXP token to $2, relieving bulls.

Swipe Technical Analysis

From the daily chart, SXP crypto prices are rejuvenated.

After losses marked with strong down momentum, SXP bulls are now back in contention, finding support from around the 78.6 percent Fibonacci retracement level.

confirmation of September 22 bulls would signal the end of the steep September correction.

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