The XCH/USD trading pair on Crypto.com has been showing significant bearish activity on both daily and weekly charts, indicating a potential long-term downtrend. After reaching a high on March 5, 2024, the pair began a steady decline, eventually hitting a lower high on November 21, 2024, reinforcing the bearish sentiment.
As of now, the price sits at $18.978, reflecting a downward trajectory that aligns with the broader trend. Technical indicators suggest a lack of bullish momentum, with lower highs and lower lows dominating the chart. This pattern hints at a continuation of the current downtrend, barring any unexpected market shifts or external factors.
Given the current market dynamics, a further price decrease seems likely. My prediction places the XCH/USD price at $4.490 by July 3, 2025. This projection is based on the continuation of bearish sentiment and the absence of any significant reversal signals on the daily or weekly timeframes.
Key Levels to Watch
Resistance: The most recent lower high from November 2024 may act as a significant resistance level.
Support: The psychological $10.00 level could provide temporary support before a potential further decline.
Final Thoughts
XCH/USD traders should exercise caution and consider this bearish outlook when planning their trades. As always, staying informed and analyzing multiple sources of data is critical to navigating volatile cryptocurrency markets.
As of now, the price sits at $18.978, reflecting a downward trajectory that aligns with the broader trend. Technical indicators suggest a lack of bullish momentum, with lower highs and lower lows dominating the chart. This pattern hints at a continuation of the current downtrend, barring any unexpected market shifts or external factors.
Given the current market dynamics, a further price decrease seems likely. My prediction places the XCH/USD price at $4.490 by July 3, 2025. This projection is based on the continuation of bearish sentiment and the absence of any significant reversal signals on the daily or weekly timeframes.
Key Levels to Watch
Resistance: The most recent lower high from November 2024 may act as a significant resistance level.
Support: The psychological $10.00 level could provide temporary support before a potential further decline.
Final Thoughts
XCH/USD traders should exercise caution and consider this bearish outlook when planning their trades. As always, staying informed and analyzing multiple sources of data is critical to navigating volatile cryptocurrency markets.
*not financial advice
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*not financial advice
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。