SXP Bulls Hit Reset as TWT Jumps Over 10% on Binance Spot
On the Binance spot market, , the native cryptocurrency of the Solar network, struggled. Traders who thought SXP’s price would rise were shocked when it fell 13.02% over the last 24 hours, a significant move in USD terms. This collapse was worsened by a tiny order book, which increased downward pressure and made the market more volatile.
made the chaos clear: SXP’s 24-hour high was about 0.0666 USDT, and its low was about 0.0608 USDT, giving it a trading range of 9–10% for the day. By noon, the spot price had settled down a bit to around 0.064–0.065 USDT, indicating that tradeers were still in control and that full-scale capitulation had not yet occurred.
Broader trackers showed that SXP was down a few percent over the course of the day, which made the trade-off viewm more like a sluggish, steady pressure than a rapid liquidation event.
At the time of writing, SXP was worth $0.0612, had a of $40,702,427, and traded $2,995,965 in the last 24 hours. The token’s low and high prices in the previous 24 hours were $0.0606 and $0.0654, respectively, for a -5.24% change. SXP, on the other hand, had gained 3.06% over the past seven days, providing some perspective on its recent strength before the reset.
TWT Has a large Bounce Back
While SXP was going down, Trust Wallet Token (TWT) showed strength by bouncing back 10.5% from its daily low. Spot purchaviewrs stepped in to protect positions linked to wallet-related exposure, which went against the general market’s bearish mood.
Even with this rise, TWT was still down about 6% for the day, suggesting the recovery was more a short-covering or mean-reversion play than an indication of strength.
TWT has been having difficultys for a while now. In the previous month, it dropped 27%; over the last three months, it dropped more than 36%; and from a year earlier, it fell nahead 36%.
Prices stayed between $0.78 and $0.80, though external events, including a recent security scare over a issue, affected them. This event, along with holders taking profits, made many feel poor, even though the token’s fundamentals, supported by new utility plans, remained strong.
Other Altcoins Show Similar Patterns
It wasn’t just SXP and TWT that were volatile. Tokens like API3, ACA, BIFI, and LAYER displayed classic “wick up then fade” patterns, rising to intraday highs before falling into trade-offs.
These changes caused losses of 10.53% to over 20% in 24 hours, a typical pattern of exit liquidity in a low-volume market. These patterns disrupted the usual cryptocurrency rotation, where gains in one token often lead to gains in others. Instead, they favored a sniper-style session on spot.
Outlook: BTC Dominance and Tactical Moves
The market’s base case is that dominance remains unchanged or strengthens as we approach New Year’s Eve. Large inflows into BTC ETFs and year-end portfolio positioning drive this change. This might put underperformers like SXP and TWT at a diupsetvantage in BTC pairs. There is an exception for TWT, which could go up 10–15% in terms by December 31.
But this would stabilize the token rather than turn around its overall poor performance if there wasn’t a standstill or correction. Traders should keep a close eye on order books in this low-liquidity, volatile market, as altcoins move through a market becoming more favorable to larger coins.
The session is a clear reminder of the hazards of crypto, where even the most positive positions may be turned upside down by sudden resets.
