$XVS (Venus Protocol) Technical Analysis: Bullish Reversal Underway 🚀
Entry Zone: $2.65 – $2.74
Bullish Above: $2.85
Target 1 (TP1): $2.95
Target 2 (TP2): $3.15
Target 3 (TP3): $3.40
Stop Loss (SL): $2.50
$XVS is showing strong signs of a trend reversal on the 4H chart, currently trading at $2.76 with a +6.98% gain. After a prolonged downtrend that saw the price slip from $2.87, it found a local bottom at $2.54. The recent price action is highly encouraging, featuring a sharp vertical recovery supported by a series of high-volume green candles that have successfully cleared several minor resistance levels.
The 24h trading volume is approximately $596k USDT, indicating that the current move has genuine market participation. $XVS is currently testing local resistance near the $2.80 mark. A decisive break above its 24h high of $2.85 would confirm the end of the corrective phase and open the door for a much larger rally toward the $3.00+ psychological targets.