📉 #XAI /USDT – Double Bottom Pattern Forming? 🚀

The daily chart for XAI/USDT shows signs of a potential double bottom pattern, suggesting a bullish reversal could be on the horizon.

💰 CMP: $0.2173 (+5.28%)

📊 Key Technical Observations:

•Double Bottom Pattern:

•First bottom near $0.17 in December 2024.

•Second bottom appears near the same level, indicating a potential reversal.

•Neckline Resistance: $0.28 – A breakout here could confirm the pattern.

•Bullish Target: If confirmed, the price may aim for $0.35–$0.43, based on the pattern’s height.

🛠 Indicator Insights:

1️⃣ RSI: Healthy at 39, showing oversold recovery potential.

2️⃣ Volume: A rise is needed for breakout confirmation.

3️⃣ Fortune AI Indicator:

•Current position: Buy ✅

•MACD indicates bearish risk, but momentum appears to be shifting.

•Volatility: Ranging ⚠️

🔮 Possible Scenarios:

•Bullish Breakout: Above $0.28 with strong volume, targeting $0.35+.

•Bearish Rejection: Failure at the neckline could lead to a retest of $0.17.

🚨 Strategy Suggestions:

•Watch the Volume: Essential for confirming the reversal.

🐳TOOLS USED ~ FORTUNE AI TRADING INDICATOR

⚡️ Will $XAI /USDT bounce back with strength? Share your insights! 👇