XAIUSDT be gearing up for a significant breakout, or is it poised for a pullback? Here's what we're seeing:
💎#XAI is displaying bullish potential after rebounding from the demand zone and forming a strong rejection candle. If the daily candle closes similarly, there is a real chance for the price to push toward the $0.228 supply zone. A successful breakout could lead to further upward movement, potentially crossing the resistance trendline and reaching the major resistance area we’re monitoring.
💎If XAI fails to hold above the demand zone and breaks down, a retest of the $0.18 - $0.166 area is likely. This zone has proven resilient in the past, often triggering rebounds and significant upward trends.
💎A daily close below the $0.166 major support would invalidate the bullish outlook, suggesting a potential deeper dip.
Stay disciplined and strategic, traders. Success in this market comes to those who trade with patience and precision.