The recent hype surrounding XYO is largely driven by announcements from Scott P. Scheper, who has claimed a partnership with Tesla. However, XYO has not officially confirmed the existence of such a partnership. This lack of substantiation creates a fragile situation, as the current bullish sentiment is heavily reliant on speculative enthusiasm.
If no concrete developments or announcements are made in the short term, there is a high likelihood that investor sentiment will sour. Disappointed investors may feel misled, which could trigger a wave of panic selling. Such a scenario would likely drive the price of XYO down sharply, potentially below $0.006, resembling a "dead cat bounce" effect.
While there is short-term potential for volatility, the absence of solid, verifiable news could lead to severe downward pressure on XYO's price.