- XAI breaks a long-term downtrend with a solid 8% gain, signaling a bullish turnaround.
- Price targets near $0.103 and $0.115 suggest upside potential of 95% to 130%.
- Volume surge confirms breakout strength, but watch $0.048 for crucial support retest.
XAI surged past a key resistance, igniting fresh bullish momentum. With a strong 8.32% gain in 24 hours and $33 million in volume, the token looks set for a rally after steady gains over the past week.
XAI Breaks Out of Long Downtrend
After months of trading sideways between $0.045 and $0.050, XAI finally broke through a big resistance level around $0.053. This resistance had been holding since late 2024, forming a descending trendline. The breakout came with a strong green candle pushing prices up by over 8%, showing fresh buying interest.
This move signals a possible trend reversal after a long period of consolidation. Traders have been watching this level closely, and breaking above it with volume gives more confidence that XAI could be headed higher. The breakout turned the $0.053 level into immediate support, a positive sign for bulls.
The breakout opens the door to some exciting upside targets. The first major price target sits near $0.103, which represents almost a 95% gain from the breakout zone. If momentum holds strong, prices could push even further toward $0.115 — a potential 130%+ move.
Volume Confirms, But Watch Support
One of the key reasons this breakout looks credible is the spike in trading volume. XAI saw nearly $34 million traded in 24 hours, suggesting strong participation from buyers. Higher volume on breakouts often means the move has legs.
Sometimes breakouts can fail, especially in coins with lower liquidity.A pullback to retest the $0.048 support level is possible before prices continue higher. Holding above this level will be crucial for the uptrend to stay intact.
Short-Term Momentum Looks Promising
On shorter timeframes, XAI showed steady gains with moving averages turning bullish.More so buying pressure is pushing prices past key moving averages, which were acting as resistance.
Price briefly pulled back after a quick spike above $0.054. This healthy correction fits a typical pump-and-dump pattern. Indicators like RSI showed overbought conditions, but the overall momentum remains positive.
If XAI keeps this momentum going, it could soon enter price discovery and break into fresh highs beyond $0.115.
