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The XYO Network price soared 34% in the last 24 hours to trade at $0.02082 as of 11:27 p.m. EST on trading volume that skyrocketed 867% to $72 million.
XYO Network Price Aims For A Sustained Breakout
The daily chart for XYO price shows that the token is in a recovery phase after breaking out of a falling wedge pattern with a 34% surge.
This wedge formed following a parabolic price spike in December, suggesting that the consolidation period may be ending.
The breakout is significant, as falling wedges are typically bullish and often signal the start of a new uptrend.
Additionally, XYO has moved above the 50-day Simple Moving Average (SMA) at $0.01997, reinforcing short-term bullish momentum.
However, the 200-day SMA at $0.01022 remains a key long-term support level that confirms the overall bullish structure of the market, according to GeckoTerminal data.
The Relative Strength Index (RSI) is currently at 57.93, which is in neutral-to-bullish territory. It suggests that there is still room for price appreciation before reaching the overbought zone (above 70).
This means XYO buyers still have momentum without the risk of immediate selling pressure.
Meanwhile, the Moving Average Convergence Divergence (MACD) line (blue) is slightly above the signal line (orange), showing early bullish momentum.
While the histogram is not showing a strong positive divergence yet, a clear bullish crossover could confirm sustained upside movement in the coming days.
XYO Network Price Prediction
Given the breakout from the falling wedge pattern, the price of XYO Network has the potential to push toward the next resistance zone around $0.025 – $0.03.
If bullish momentum continues, further targets around $0.035 – $0.04 could come into play.
On the downside, support remains at the 50-day SMA ($0.01997), and any break below this could push the price of XYO back toward the $0.015 – $0.016 region.
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