Token Name: $XVG /USDT – Big Crash Ahead?
Current price is showing bearish pressure with a −3.0% move in the last 24 hours. After a strong impulse move toward 0.00729, price faced heavy rejection and has entered a distribution-to-pullback phase. The failure to hold above key resistance suggests weakening bullish momentum.
On the 1H timeframe, we can clearly see bearish candles forming after the rejection, along with lower highs, indicating sellers are regaining control. This structure favors a continuation move to the downside unless key resistance is reclaimed quickly.
Trade Setup (Bearish Bias)
Entry Zone:
0.00705 – 0.00715
Target 1:
0.00685
Target 2:
0.00660
Target 3:
0.00630
Stop Loss:
0.00735
Technical View
Strong rejection from 0.00725–0.00730
Loss of short-term bullish structure
Price struggling to reclaim prior support
Lower highs signaling distribution
If price breaks below 0.00690 with volume confirmation, downside acceleration becomes likely, opening the door for a deeper correction. A clean reclaim and hold above 0.00735 would invalidate the bearish setup and shift bias back to neutral-to-bullish.
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