Market insights
XYO Price Prediction: Will It Thrust Higher And Reach Zeniths?XYO price prediction shows that the crypto could attain a high of
The XYO crypto is down nearly 8.73% in Intraday and currently trades at $0.010.
The XYO price failed to capitalize the gains obtained in the last sessions and has eroded nearly 40% of the previous day’s gains in Intraday today. At press time the crypto was hovering close to 0.010 USD, reporting a negative intraday development of nearly 8.73%.
Yesterday, The XYO price witnessed a breakout of a three week consolidation. However, the bulls could not continue to extend the gains in intraday today and the price suffered.
However, the recent breakout has signaled the termination of a short term correction phase and initiation of another bullish rally. The 50 day EMA acted as a dynamic support and prevented the price from falling further.
The long term trend outlook is already bullish. The recent breakout has also validated the termination of a short term correction phase. Now, any sustained move above the $0.011 level which is the higher boundary of the consolidation may indicate a trend continuation. The short term traders and investors may target $0.128 and $0.0149 as the next possible targets.
XYO Crypto Active Addresses Analysis
The number of active addresses reveals the total number of addresses through which transactions have been performed in a given period of time. The total number of 24 hour active addresses were 117 in February which jumped to 615 in the 1st week of March 2024.
Also, the 7 day active addresses count was 773 which peaked to a high of 2804 in the 1st week of March 2024. However, a sharp drop in the number of active addresses was observed in the last weeks of March. As a result the price also dropped in March. Currently the XYO price seems to be rising after a consolidation. In response, the number of active addresses have also noted a positive curve since the last week.
Whale Holdings Surged Despite Fall In XYO Price
The above data represents the percentage of supply held by the top addresses along with the increasing or decreasing holding of the whales. As per the chart, the whales held nearly 21.45% of the total supply by February.
Also, a positive development in the holdings of the top addresses was noted since the last week of February 2024. The top addresses of whale holdings have surged continuously from 21.45% to 25.40% in the last two months.
XYO Crypto Sentiment Insights.
The overall weighted sentiments turned positive in February and maintained a positive note by the 1st week of March 2024. The negative sentiments surged in March as the price dropped. The overall sentiments turned negative in the later weeks of March.
The last two weeks saw a recovery in the sentiments as the weighted sentiment curve jumped towards the zero line. Currently the weighted sentiment is showing a neutral bias. any directional change in the XYO price may indicate a clear sentiment.
XYO Price Prediction April 2024
The XYO price prediction for April 2024 shows that the crypto may advance to a high of $0.0128 if buyers are able to surpass the higher boundary of consolidation $0.011 on the higher side. Whereas, the less optimistic analysts estimate a price target of $0.0072 on the lower side after the breakdown below $0.009.
Conclusion.
The XYO crypto witnessed a breakout on Monday after a three week consolidation. The 50 day EMA acted as dynamic support and halted the further decline and acted as a buyers entry point. However, the bulls failed to extend the gains in intraday and the price dropped.
The recent breakout has shown early signs of a trend continuation. The overall trend outlook is positive which may drive the price towards the higher levels. The short term traders and investors may target $0.0128 and $0.0149 as the next possible targets on a sustained move on the higher side.
Technical levels:
Support levels: $0.009 and $0.007
Resistance levels: $0.0114 and $0.0128
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
the XYO price crypto is experiencing a declineThe XYO price prediction highlights that the price momentum was in the bull's favor earlier, as it ran from support to resistance level from $0.00350 to $0.01600. But, at the top resistance level, the price failed to sustain and started declining, and the XYO crypto exhibited a sign of more deterioration in the coming sessions, as the price tumbled from a crucial level of around $0.01600 on the chart.
as per the XYO price prediction, it appears like it is approaching a severe crash, as it touches the resistance level and starts to plunge, and starts shattering the support level.
The XYO price asset is exhibiting bearishness and falling capacity as it slides below major trend 20-day and 50-day EMA bands, contingent on the sellers' surge, its price could slump more.
Similarly, the XYO price asset is exhibiting bearish performance as MACD shows a bullish cross at -0.00001 with histogram at -0.00021, and the RSI is not close to the 30 level yet, meaning that the XYO asset is not facing significant buying pressure and can continue to fall in the coming session.
On the overall analysis, the chart shows that the XYO has recorded good results in the previous month, and quarter by 14.77%, and 49.92%. However, the XYO price prediction is revealing bearish signs and shows that it has the capacity to sink lower. Even, it has recorded bad results in the previous week by -10.35%, signifying a steady downward movement.
At the time of publishing, the XYO price crypto is experiencing a decline of -6.72% in the last 24 hours, currently trading at $0.00958.
Therefore, XYO price prediction highlights that if it fails to stay above the $0.00800 level, it could decline further and reach lower levels.
However, if the demand for the token remains high, the XYO asset price could bounce back from the current level. The next target for the price is to reach $0.01200.
XYO Regression Trend on Daily ChartRegression trend set within normal boundaries (2, -2), focus on full candlesticks. If trend follows, XYO-USD is set to break out within the next few weeks to months.
