Venus (XVS) After a 98% Drop | Is It Time to Fly Again?💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing XVS on the 1-Week timeframe .
This is one of my personal favorite coins, which, after setting its all-time high, experienced a massive 98% drop in price. Despite that, it has managed to hold its position at rank 369 on CoinMarketCap.
👀 After forming a strong ATH around $140, Venus faced a rejection and entered a very deep correction. A downtrend channel has been drawn—serving purely to illustrate the slope and scale of the correction.
⚙️ Our key RSI level is 54.25; breaking above this level will likely trigger stronger long positions for Venus.
✏️ A curve line has been plotted to visualize the time–price path, making price action easier to interpret. In most cases, a curve line reaction or breakout tends to push the price toward the next key support or resistance level.
⚡ An important resistance has formed at $7.13. If this resistance breaks, a spot position with a tight stop-loss could be considered for the portfolio.
🎮 A Fibonacci retracement has been drawn to map important zones. On the multi-timeframe view, the weekly area appears to be in a range. The 0.236 level is acting as the ceiling—breaking this level (at $7.37) could be a trigger for opening positions.
🟢 Venus’s trading volume is decreasing, which is actually a positive sign; the lower the volume before a breakout, the easier and cleaner the breakout can be—similar to price escaping a consolidation box and surging upward.
🔍 Project fundamentals: Venus operates in the DeFi lending sector, built on the BSC network. It uses a governance token model where collateral supply can be adjusted by the supplier. By staking this coin, you can also mint the VAI stablecoin.
🔔 Alert zone: Set an alert at $7.737 and monitor price action on multiple timeframes when it’s reached. If it aligns with the above confirmations, you can open your position. This alert has been preset in the TradingView team setup.
🖥 Summary: On the weekly chart, Venus is facing a key resistance level. A breakout above it could significantly increase capital inflows and allow the coin to test higher price levels.
⏰ We’re analyzing XVS on the 1-Day timeframe .
👀 I’ve already provided the full project details above. On the daily timeframe, this coin is moving within an upward channel with a healthy slope and has maintained this structure well. A breakout above the channel’s upper boundary coincides with the zone we identified on the weekly timeframe, intersecting with the $7.26 resistance. The more we zoom out in multi-timeframe analysis, the more precise the resistance price zones become, allowing us to shift the alert zone to this key level.
⚙️ Our critical swing level is at 62.85. Breaking above this level will likely increase trading volatility, potentially pushing Venus into overbought territory again and driving it toward higher resistance levels.
🟢 Venus’s trading volume is decreasing, and we have a very strong daily box that essentially highlights the heavy $7.26 resistance.
🖥 Summary: If Venus breaks the identified zone, triggers the alert level, and confirms its reaction around $7.26, it could provide us with a long position. With proper profit-taking or closing the position, we could then consider buying Venus in spot.
❤️ Disclaimer: This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated.
