SXP (Solar) fluctuates 41.8% in 24 hours: Upbit delisting causes selling pressure and technical breakdown

Volatility Brief

In the past 24 hours, the price of SXP surged from a low of $0.0122 to a high of $0.0173 (with some data recording a peak of $0.0183). The current price is $0.0141, reflecting a fluctuation of 41.8% and a net decline of around 15-16%. 24-hour trading volume is approximately $22.7 million, up 30-35% compared to the previous period, indicating increased activity but insufficient follow-up buying.

Analysis of Abnormal Movement Causes

• Upbit exchange will officially delist the SXP trading pair on March 13, 2026, severely impacting liquidity and investor access in the Korean market, triggering intensified sell-offs.

• Technical breakdown resulted in a surge of selling pressure; after a brief rally, the price quickly pulled back. Although trading volume increased, there was no confirmation of a reversal.

Market Opinions and Outlook

The mainstream sentiment among the community and analysts is bearish. @AltcoinSherpa noted that trading volume is increasing but not enough to reverse the trend, focusing on the possible test of the $0.012 support level. Trading signals from Finora AI and others indicate a short-term bear market dominance. Caution is advised for a possible breakdown below the $0.0154 support, which may further test $0.0145. Short-term volatility is likely to continue.