XVG/USDT – Technical Analysis
Pattern: Price is compressing inside a descending wedge / falling channel, typically a bullish reversal structure. Recent candles are pressing against the upper trendline.
Price Action: Currently trading near 0.00607, attempting to hold above minor intraday support.
Momentum: RSI ~52, slightly bullish and recovering from a dip → momentum shifting upward but not overbought.
Key Levels
Resistance: 0.00610 – 0.00620 (upper wedge + recent highs)
Support: 0.00575 – 0.00585 (local range)
Major Support: ~0.00520 (wedge apex area)
Bias
A confirmed breakout above 0.00620 with volume could trigger upside toward 0.0065 – 0.0068.
Rejection at resistance may lead to another pullback toward 0.0058.
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