đ XVG/USDT Analysis - Current Trend and Forecast đđ
đ Current Price: 0.015686 (-8.78% over 24h)
After a recent high at 0.021239, XVG is in correction and testing important support levels.
Technical Analysis:
1. Current Trend:
Correction in progress after a strong rise. The immediate support is at 0.0153 (24h Low).
If this level gives way, areas like 0.0143 (38.2% Fibonacci retracement) or 0.0121 (50% retracement) could be reached.
2. Bullish Scenario:
A bounce above 0.0153 could restart the uptrend, with targets at 0.0173 (24h High) then 0.0212.
3. Bearish Scenario:
A clear break below 0.0153 could lead to a decline towards 0.0143 or 0.0121.
Key Indicators:
Volume: Currently at 30.05M USDT, signaling significant activity.
Fibonacci Levels: Key support/resistance levels are highlighted on the chart below.
đ Recommendations:
Stay vigilant around support areas.
Monitor volume and wait for confirmations (e.g. green candles on support) before taking a position.
Use stops to limit risks.
