- XVS token price lost 70% in value since the fallout of the accumulation zone.
- The coin price is trading below all critical EMAs in the 4-hour timeframe.
- The XVS/BTC pair is trading at 0.001034 BTC, an intraday move of -17.21%.
XVS token price made a large red candlestick with a 25% fall resulting in the fallout of the accumulation zone. The bullish candlesticks formed with the long green body failed to raise the price higher. The increased selling volume might soon be observed again. The live XVS token price today is $39.72 with a 24-hour trading volume of $303,698,355. It is down 17.21% in the last 24 hours. The token ranks at #119, with a live market cap of $397,496,574
Will demand rise for XVS token as Venus Airdrop reward comes close?
XVS token price made a large red candlestick with a 25% fall resulting in the fallout of the accumulation zone. The bullish candlesticks formed with the long green body failed to raise the price higher. The live XVS token price today is $39.72, with a 24-hour trading volume of $303,698,355. It is down 17.21% in the last 24 hours. The token ranks at #119, with a live market cap of $397,496,574
The Venus Reward Token airdrop will be completed this week. A VRT mining program would be proposed after balance tokens are sent to Venus Distribution. NFT is the following line to the mining program in Venus’ plans.
As per the 4-hour timeframe, the coin price is trading below all significant EMAs with recent death cross and increased selling volume implies the alarming sell signal buzzing in the technical chart of XVS.
The RSI (losing bearishness) indicates losing bearish momentum while trading at 34. The RSI line has been moving sideways for quite some time now. It is moving just above the oversold zone and might continue to do so for a while.
The ADX indicator, in the 4-hour timeframe, indicates a slow rise in trend momentum after the recent fallout, and it is trading at 18.
Conclusion – XVS token price is heading lower with increased selling volume. The upcoming award token distribution might restart the uptrend as the price is halting near the S2 support pivot level.
Support- $23
Resistance-$54 and $85