Joeyqt

XVSUSDT - Accumulation & Levels outlook

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BINANCE:XVSUSDT   XVS / TetherUS
XVS has been in an extended accumulation phase for a while now. Hovering along the resistance zone around a previous ATH and the huge drop from the May crash, the support has stood firm time and time again. A flip of the Renko EMA & break of the bearish trend line, could start a new bullish trend.

After a HUFE pump in the first part of the year, taking 33 days to rise 2500%, There are signs of life in the project, a new vault, and potential for a big upside.

Targets are based on Fib extensions from the ATH to the July low. For traders, a lot of volatility can be expected once there's a breakout, for investors, a lot of chances to DCA or get in While price is hovering the lower levels.

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