Charting #XNOUSDT Technical Indicators Point to Mixed Market Sentiment
$XNO

The XNO/USDT analysis presents a complex picture with mixed signals across different timeframes. On the 4-hour chart, the price is above the 200-period SMA, suggesting a mild bullish momentum. The RSI remains neutral around 56, and the MACD shows a weak bullish crossover, indicating some positive sentiment.

However, the daily chart reveals a bearish trend, with the price still below the 200-day SMA at $1.192, indicating longer-term bearish pressure.

The RSI here is also neutral, while the MACD histogram shows only slight bullish divergence.

Volume analysis indicates moderate trading activity, with no significant spikes, suggesting that market interest is not exceptionally high. Key Fibonacci retracement levels from the recent high ($1.98) to low ($0.61) indicate potential resistance at $0.98 (23.6%), $1.23 (38.2%), and $1.295 (50%).

In a bullish scenario, breaking above the $1.00 level and holding above the 38.2% Fibonacci retracement at $1.23 would signal potential further gains, especially if accompanied by increasing volume and RSI climbing above 70.

Conversely, a bearish scenario could unfold if the price fails to maintain above the $0.90 support level, potentially leading to further declines, especially if the RSI drops below 30 and the MACD line crosses below the signal line.

Key levels to monitor include resistance at $1.00, $1.23, and $1.295, and support at $0.90 and $0.61, providing critical points for potential price action shifts. These factors offer a comprehensive view for making informed trading decisions.

Disclaimer: The information and publications are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 6thTrade

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