The Venus coin ($XVS ) shows a confident recovery: the current price is $7.35, with a growth of +9.7% over the last 24 hours. After a prolonged consolidation, the asset is showing signs of exiting the descending channel and increased interest from buyers.
Technical picture:
$XVS is consolidating above the short-term resistance at $7.2, which could signal further upward movement. In case of a breakout of the zone $7.5โ7.6, growth to $8.0โ8.4 is possible, where the next resistance level is located. The RSI and MACD indicators indicate an increase in bullish momentum, but overbought conditions on smaller timeframes require caution.
Bullish scenario:
Entry $XVS from $7.3โ7.4, targets (TP) โ $8.0 / $8.4.
SL โ about $7.1 (โ3%). When the first target is reached, it is recommended to move the order to breakeven.
Bearish scenario:
If the price does not hold above $7.2, a pullback to support at $6.8โ6.9 is likely, where a rebound can be considered.
๐ก It is recommended to use a small portion of the deposit and adhere to risk management โ XVS volatility can be high.
Do you think Venus will be able to hold above $8? Share your thoughts in the comments๐
Subscribe to not miss fresh reviews and quality analytics!