🚨 Is it time for a rebound?

The XVS token is under scrutiny after breaking the support at 6.00$ and currently trading at $5.98!

📉 The volume profile reveals fierce resistance between 6.00 and 6.08$ – a clear distribution area.

⚠️ The RSI indicator is at 39 = nearing oversold conditions

📊 The price is below all moving averages (EMA 7/25/99) = ongoing downward pressure

📌 Any break below the level of 5.95$ could open the door for a wider drop… but a technical rebound is strongly possible!

#XVS #BinanceSquare #CryptoAlerts #VolumeProfile #DeFi #CryptoArabs