The Bullish Momentum of X Crypto Continues to Surge
The cryptocurrency powering the X community’s multi-chain decentralized NFT marketplace, X, is experiencing significant growth in the market. Despite predictions of a dipping outlook for crypto, X has seen notable surges in the last 24 hours. This surge may be attributed to Twitter’s rebranding to X and its plans to implement an in-app trading dashboard.
Key Points:
- X has gained 670.4% over the past 30 days and 1093% in the last 14 days.
- Within 24 hours, X has increased by 80%, indicating a strong bullish momentum.
- Technical analysis will help determine if the bullish momentum will continue.
- X is currently trading at $0.00026 with potential for more significant surges.
- The overall trend may be bearish, but the Relative Strength Index suggests X may be oversold, attracting buyers.
Despite the bullish momentum, X faces resistance at $0.000347, which may cause a price pullback. However, if X breaks above this resistance, it could trigger more rallies. On the other hand, X has support at $0.000172, which may prevent further downward movement. Traders and investors should carefully monitor these levels and indicators to make informed decisions.
Meanwhile, the $WSM token presale has raised over $20.7 million, nearing its initial valuation of $21.9 million. This project is set to revolutionize the financial system with its meme-driven approach in the cryptocurrency market. Investors still have a chance to participate in the presale before it ends and the token lists on decentralized exchanges.
Hot Take:
The bullish momentum of X crypto shows promise, but cautious monitoring of resistance and support levels is necessary. Additionally, the $WSM token presale presents an alternative high-growth potential for investors.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.