- XNO formed two strong accumulation zones between $0.75 and $1.00, signaling strong buying pressure at key support levels.
- Rounded base structure now supports a bullish breakout, with current price breaking above $1.00 and heading toward $1.10.
- If XNO clears $1.10 with volume, it could quickly retest $1.60 and extend toward $2.40, mirroring late 2022 price action.
Nano (XNO) is showing renewed strength after a prolonged downtrend, with price action now powering up from a key dual accumulation structure. Trading at $1.02 as of writing, XNO has posted a 6.44% gain in the past 24 hours and is up 13.12% over the last seven days—clear signs of increasing bullish momentum.
Accumulation Zones Fuel the Rebound
Kamran Asghar recently pointed out that XNO is powering up from two powerful accumulation zones. It is after being squeezed many months that the price has consolidated at between $0.75 and above to 1.00 in November 2022 and recently between April and July 2023 as well.
These back-to-back accumulation phases suggest smart money has been quietly absorbing sell pressure while defending this strategic support range.
Now, with XNO pushing above the $1.00 mark, the technical setup resembles a tightly coiled spring ready to explode. A rounded base has formed, and higher lows are beginning to dominate the structure.
This shift in market dynamics shows growing investor confidence and suggests a trend reversal may be unfolding.
Targets at $1.60 and $2.40 Are Within Reach
As momentum builds, the next key level lies at $1.10. A clean break above it—backed by strong volume—could trigger a sharp rally.
$1.60 remains the next major resistance, a level XNO last touched in February. Breaking into this level will open upside potential to as high as the $2.40 zone to $2.50-an area where it has partially hit highs in late 2022.
This setup is not driven by hype but by structural strength. The double accumulation zones provide a rock-solid base.
If bulls hold current levels and volume continues to rise, XNO could soon move from consolidation to expansion, hinting at a larger macro shift.
The coming days are crucial. A confirmed breakout would cement XNO’s bullish reversal and open a new chapter in its market cycle.
