XVS: Potential Rise After Resistance Breakout

2月9日

XVS is trading at the lower boundary of a sideways range, where a prolonged accumulation phase is observed. Following the removal of liquidity from a key low and a subsequent upward impulse, the price, despite the growth of Bitcoin and Ethereum, is testing the resistance level of the local sideways range. I expect the price to move above $12 after breaking through. I assume that as Ethereum enters a flat phase, liquidity will start shifting towards altcoins, which will trigger a significant upward movement for XVS. I've been in a position with a large volume since the beginning of the accumulation phase.