- XYO flashes potential bull flag, targeting ~$0.03 – $0.04.
- Current price offers a chance for massive returns.
- XYO poised for explosive growth in next bull run.
XYO, the geospatial blockchain, is displaying explosive potential with a series of bullish chart patterns emerging. After a surge to nearly $0.026, the token has consolidated, forming patterns hinting at a massive breakout.
In the first chart, the analyst sees a pattern that resembles a symmetrical triangle. This pattern is characterized by lower highs and higher lows, and the trendlines connecting those highs and lows form a triangle shape. However, the author notes that this triangle is not a perfect shape – it’s “awkward” and “wonky.”
Analysis reveals a potential bull flag formation on the 2-hour chart, characterized by a horizontal trading range and decreasing volume. This continuation pattern, if validated, projects a price target between ~$0.03 and $0.04, offering substantial returns for savvy investors.
If XYO breaks to the upside, thereby negating a retest of the range of ~$0.018 to $0.016, then according to the patterns, the price target would be in the range of ~$0.03 to $0.04—this range depends on how the bull flag target is taken, which includes the more specific price targets of a symmetrical triangle or bullish descending triangle.
While some analysts have pointed to symmetrical or descending triangles, the bull flag formation appears to have caught market attention. A successful break to the upside could invalidate any retest of the ~$0.018 to $0.016 range, driving XYO towards its projected target. The convergence of these bullish signals suggests a strong upward trajectory for the token.
Tesla & Trump Team Up with XYO? Rumors Spark Price Surge Hopes
Additionally, there are unconfirmed rumors that Tesla, the electric car manufacturer, and World Liberty Financial, a company link with the Trump, may collaborate with Network. While these claims are not verfied, if proven true, such a partnership could fuel another leg up, even pumping XYO to November 2021 highs.
The XYO Network is a DePIN project with roots in the United States. The decentralized platform with the help of nodes distributed across multiple locations, ensure data accuracy and validation. Since eight years of its inception, the network has over eight million nodes and is among the largest projects in its category.
Amidst uncertain market conditions, XYO’s current price point offers an attractive entry for investors seeking substantial gains. With its unique technology and promising chart patterns, XYO is poised to deliver explosive returns in the next bull run.
Disclaimer:
The information provided on this website is intended for general informational purposes only and does not constitute professional financial advice. Users should conduct their own research and consult with a licensed financial advisor before making any investment decisions. By using this site, you acknowledge and accept that you are solely responsible for your investment choices and any associated risks.