XAI Token Set To Break New ATH at $2 Amid 110% Rally: Technical Analyst
- XAI has gained over 13% in the last 24 hours, putting its price at $1.45.
- On the 30-day scale, XAI has grown by 110% from a low of $0.693.
- An analyst argued that the next target for XAI is the $2 range.
The XAI token of the Xai network gaming ecosystem has been one of the few cryptocurrencies registering notable gains amid the passive state of the market. According to CoinMarketCap data, XAI has gained over 13% in the last 24 hours, putting its price at $1.45.
Moreover, the asset’s cumulative performance over the past week amounts to over 40% gains, while Bitcoin’s seven-day rally is now at negative 2.3% at press time. And on a 30-day scale, XAI has grown by 110% from a low of $0.693 to a height of $1.486.
Considering this praiseworthy, a technical analyst has argued that XAI’s bullish momentum appears far from exhausting. In a recent post on X, an analyst, “Mags,” emphasized that the token has engineered remarkable rallies over the past few weeks. He posted a graph of XAI’s historical pattern and argued that the next target for XAI would be a new all-time high in the $2 range.
Notably, the analyst’s $2 projection for XAI followed a series of posts he has shared concerning the asset’s price movement. He had suggested XAI needed to hit a low of around $0.69 before it could go higher, a price forecast that later materialized. This was precisely a month ago, and the asset has more than doubled its value following the forecasted required drop.
Notably, the Xai project recently launched with its token listed on prominent exchanges like Binance, KuCoin, Bybit, and Gate.io. Xai was created to facilitate genuine economies and foster open trade within the emerging era of video games. Through Xai, countless traditional gamers could possess and exchange valuable in-game assets, eliminating the necessity for crypto wallets.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Comments
Post a Comment