XCN to reach $0.10 – $0.25 by the end of March

Key Chart Elements:

Fibonacci Retracement Levels
The chart includes a Fibonacci retracement tool from a high of $0.08473 down to a low near $0.00146.
Key levels:
0.236 ($0.02111)
0.382 ($0.03327)
0.5 ($0.04310)
0.618 ($0.05292)
0.786 ($0.06691)
Price is currently hovering around the 0.236 retracement level, which is often a weak resistance level.

Price Action & Volume
A massive downtrend took place from August 2022 to early 2024.
A recent spike in volume suggests renewed interest in the asset.
The price had a sharp bounce from the bottom, indicating a possible reversal or speculative accumulation.

Technical Outlook (Projected Path)
The dotted gray trendline suggests a prior long-term downtrend.
The blue curved line indicates a potential rounding bottom pattern, often a sign of accumulation before a move higher.
The blue upward arrow suggests a bullish breakout projection, possibly toward the 0.618 or 0.786 Fibonacci levels ($0.05292–$0.06691).
A break above $0.08473 (previous high) could confirm a major trend reversal.

Support & Resistance
Support Levels:
$0.011 (Moving Average)
$0.00146 (All-time low)
Resistance Levels:
$0.033 (0.382 Fib)
$0.043 (0.5 Fib)
$0.066 (0.786 Fib)

Potential Scenarios:

Bullish Case: If volume sustains and breaks key resistance levels, price could rally toward $0.10-$0.25
Bearish Case: If buying momentum fades, price may retest support near $0.011 before another attempt at breaking higher.