XYO Price Prediction: XYO Pumps 231% In A Week, But Traders Pivot To This New Meme Coin ICO For 100X Gains
The XYO price has soared more than 231% in a week following a minor 24-hour gain to trade at $0.02866 as of 3:39 a.m. EST as investors accumulate the altcoin. Along with the slight uptick in the XYO price in the last 24 hours, trading volumes have also risen over 7% during the same time period. XYO Price Stuck In A Bearish Channel 1-hour chart for XYO/USD (Source: GeckoTerminal ) The XYO price has recorded a series of lower lows and lower highs on the hourly chart in the last few hours. This has resulted in the formation of a descending price channel. Now, the altcoin is resting on the key support level at $0.02707. Dropping below this technical crutch in the next couple of hours might lead to XYO falling to as low as $0.02138 in the short term. Bulls can still take control of the situation. If buyers manage to keep the XYO price above the $0.02707 support for the next 4 hours, they could help the crypto exit the bearish channel it is currently trapped in. Rising above the...