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- 1 The XYO price asset is exhibiting bearish performance as MACD shows a bearish cross.
- 2 Its active dresses are declining which highlights that its active users are declining and with that, the price is also declining.
The 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.
XYO Token Price And Indicator Analysis
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 bearish 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 could sink lower. It has recorded bad results last week (-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.
Social Dominance And Development Activity Analysis Of XYO Token
The social dominance and social volume chart displays changes in awareness and the popularity of XYO crypto among users. Social media platforms including X, Instagram, and Facebook act as a medium for the XYO crypto to spread its reach and popularity among users.
The data shows that the XYO crypto is losing traction among users and witnessed a decline in popularity among social media users. However, XYO crypto seemed to lose its social dominance which also impacted the price negatively and the price started to drop from the resistance level.
However, the recent data shows a declining curve in the XYO crypto social dominance and social volume in March 2024 which may have a negative impact on the XYO price in the forthcoming sessions.
Furthermore, the development activity reflects the level of activity happening in XYO in the form of undergoing projects and developments in crypto. The developer’s activity shows that it is on the decline and could invite more selling in the XYO crypto price.
Its active dresses are declining which highlights that its active users are declining and with that, the price is also declining.
Summary
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, shattering the support level.
Similarly, the XYO price asset is exhibiting bearish performance as MACD shows a bullish cross with the RSI is not close to the 30 level yet. 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%.
Therefore, XYO price prediction highlights that if it fails to stay above the $0.00800 level, it could decline further and reach lower levels.
Technical Levels
Support Levels: $0.00800
Resistance Levels: $0.01200
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
