$XVG remains under bearish pressure on the daily timeframe, with sellers still controlling the broader market structure. Unless bulls reclaim momentum with a strong reversal, the probability currently favors another downside expansion.
Bullish Scenario: A liquidity sweep below the key 0.00302 support followed by a sharp recovery could signal smart money accumulation. If buyers step in aggressively and confirmation appears through strong bullish structure or reversal candles, XVG could rally toward 0.00338, with a potential extension into the 0.00376 resistance region if momentum accelerates.
Bearish Scenario: If price pushes into the 0.00376–0.00391 supply zone and faces heavy rejection, the market could enter another strong bearish leg. In that case, downside targets around 0.00310 and potentially 0.00255 become highly probable as sellers regain full control.
Invalidation Level: A sustained breakout and strong acceptance above 0.00391 would invalidate the bearish outlook and could mark the beginning of a larger trend reversal on the higher timeframe.
Patience and confirmation remain critical here. Avoid chasing price and wait for clear market structure confirmation before entering any position.
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