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🔥 $XNY Approaches Breakout Zone Amid Diverging Momentum - Continuation or Exhaustion?
📈 +25.67% (24H)
Following recent days +101% gains that broke the $0.01 psychological level, $XNY has pushed higher toward the $0.0200–$0.0220 resistance zone. The move aligns with the Fibonacci 1.618 extension target at $0.0247, keeping the upward trajectory alive. Price is now consolidating just below key breakout flipped resistance into support.
On the charts, the price and technical indicators are showing mixed signals, while the trend remains in place as long as it manage to stay above the current support. Notably RSI and volume are showing divergence, which may suggest momentum slowing down despite of the price making higher highs.
In the near term, traders may watch for a breakout above $0.0200 to open a path toward $0.0247. On the other hand, a failure to hold the $0.0177 level could trigger a deeper correction toward the $0.0132 flip support from the previous rally.
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