💎 XVS has been drawing significant attention in the financial market. It is currently undergoing a retesting phase, where a strong bounce from the support level, previously a key resistance, has been observed. This positive momentum suggests that if the retesting phase is indeed valid with a sustained bounce from the support area, XVS could probability resume its upward trajectory, aiming for a significant resistance area.
💎 However, should XVS fail to maintain its rebound from the support level and instead break below this area, it could indicate a false breakout. In such a scenario, XVS's price could potentially continue a downward trend, heading towards the next key level, which is the lower demand area.
💎 In this demand zone, a robust response is essential for XVS. For a continuation of its upward journey, XVS needs to demonstrate a strong bounce and attempt to reclaim the resistance area. Failure to show a positive response in this zone and a further breakdown could indicate a shift back to a bearish trend for XVS. This development might lead to a descent towards a more substantial support area.