X.com (X) Price Prospect - In Elon's Legacy, Does X Mark the Spot for a 50% Upswing?

X.com (X) Price Prospect – In Elon’s Legacy, Does X Mark the Spot for a 50% Upswing?

Updated: 08 September 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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X.com (X) price has made a 0.5% decline in the last 24 hours. The seven-day price action shows a spike in volatility over the past week. If the token fails to rally further, it will likely wipe out all the gains posted since the start of the month.

X showed a massive bullish trend on September 4 when the price hit a 7-day high of $0.162, inching closer to creating a new all-time high. However, this uptrend has not been sustained, and profit takers are selling, driving the price down. X’s all-time high is $0.0168, last created in mid-August. X is up 48% over the past two weeks despite the bearish momentum.

The price action posted by X in recent weeks paints a picture of a highly speculative token, with buyer and seller action driving the price. X trading volumes in the last 24 hours are down by 38%, signaling that volatility might cool down.

X.Com Fails in Attempt to Create New ATH

X.com’s price movement from mid-August to date shows intense volatility. On August 15, bullish pressure took X to an all-time high of $0.0168. Shortly after this record-high price was attained, the price dropped to $0.061, nearly creating an all-time low.

The low price attracted buyers because, on August 25, X created a green candle as the price increased to $0.082. The price maintained a steady uptrend; by August 27, it had rallied to $0.095. X started a bullish streak on September 1; by September 4, it had gained to $0.15. A false breakout saw X briefly shattering the $0.16 levels before a swift correction.

Failure to break past this resistance and rally to new highs has triggered selling activity. X dropped from $0.15 to $0.09 on September 7. The price still creates a red candle, indicating that bearish momentum is still at play.

Bears in Control of Price Movement

X is currently sitting at a critical level of $0.09, with failure to hold these levels set to drop the price to the support level of $0.08. This support level will likely be tested soon as the Moving Average Convergence Divergence (MACD) line creates a bearish flag. The MACD line is on the negative side, showing a bearish momentum. Its histogram bars on the negative side also show bears are in control.

If bulls fail to reclaim control, X will drop to $0.06. Buyers are not taking advantage of the low price, with the Relative Strength Index (RSI) level of 35 pointing to some selling activity, making the case for more declines. The RSI is flattening, indicating a neutral momentum.

The team behind X.com, which has since been renamed Crux Decussata, is working towards bolstering the growth of the project and the community following some recent announcements on Twitter. The team recently polled the community on a new music video slated for launch soon. The team said that the music video would be a teaser and could help boost the project’s presence.

https://t.co/RHHfvv8pIp

Calling all crypto rebels! We are about to unveil our first music video teaser soon featuring @herbertrsim aka https://t.co/9yfTadlJgi.

Which song title do you think vibes with you;

— Crux Decussata (@xcomerc20) September 7, 2023

The X token also secured a new exchange listing on the XT.com exchange. X token deposits were enabled on September 5, while withdrawals were enabled on September 7. X was listed on Main Zone (DeFi) under the X (CRUX)/USDT trading pair.

18 Days Left Before Wall Street Memes Presale Closes

The Wall Street Memes presale is ongoing before the token is listed on tier 1 exchanges. The team has secured listings on top deals, which boosts the credibility and authenticity of the project.

The native WSM token is being sold for $0.0337 during the presale phase, and more than $25 million has been raised from early investors. The exchange listings could increase WSM’s value gain significantly.

Wall Street Memes is also big on the community, a vital aspect of the crypto industry. The project claims support from a vibrant community as it is inspired by the Wall Street bets community that rose into popularity because of the GameStop saga.

The team behind Wall Street Memes has a solid roadmap as it seeks to empower the community every step of the way. The team aims to reach a $1 billion market capitalization, achievable given the massive interest the presale has garnered.

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