SLP +191.39% In 24 Hours Amid Technical Divergence and Volatility

On SEP 2 2025, SLP rose by 191.39% within 24 hours to reach $0.00167, SLP dropped by 512.25% within 7 days, dropped by 93.02% within 1 month, and dropped by 5525.21% within 1 year.

Analysts project heightened interest in SLP following a sudden surge in on-chain activity and increased open interest. The price rebound was attributed to a short-term repositioning triggered by a divergence between RSI and price action. The RSI has shown a bearish divergence for over 40 days, suggesting potential for a short-term reversal. However, this has not been confirmed by a subsequent closing price above key resistance levels.

The 200-day exponential moving average remains a critical benchmark for SLP. Current price levels sit significantly below this line, indicating ongoing bearish pressure in the longer-term trend. Additionally, the Stochastic RSI has been in oversold territory for several sessions, raising questions about the sustainability of the recent bounce. A close above $0.0020 is necessary to validate the reversal signal, according to technical observers.