#XVS has been trading within a descending channel on a daily timeframe. 🔥🚨🔥
Throughout this formation, the price has consistently respected the trendlines.
We anticipate a significant breakout due to the recent push #xvs received from a successful retest of the channel's lower support.
If #XVS/USDT can break above the descending resistance, supported by the liquidity at $9, we could witness a strong bullish move.
This breakout would signal a potential trend reversal and align with our bullish outlook.
Should the current resistance hold, we might see a retest of the support level at $5. This could provide the necessary rally for a breakout.
You need to watch for signs of strong buying interest at this level as an indicator of a potential upward move.
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