The $XOMon chart reveals a highly bullish and structured uptrend on the 15-minute timeframe. Following a strong upward rally from the 152.39 bottom, the price established a solid continuation pattern, steadily making higher highs and higher lows. After tapping a local peak of 158.09, the asset entered a tight, healthy consolidation phase, holding its ground incredibly well. The price is currently trading near the top of this consolidation at $157.86, showing that buyers are comfortably absorbing any selling pressure.
This sideways accumulation right below the local high is a textbook sign of strength, suggesting that bulls are gearing up for another leg higher. If the price breaks cleanly above the 158.10 level, it will confirm a bullish continuation toward new local highs. However, if the price experiences a minor rejection, the immediate support zone to watch sits around 156.50, where buyers should step in to keep the bullish structure intact.
Target 1: 159.50
Target 2: 162.00
Target 3: 165.00