- XBorg (XBG) breaks out of a bullish Falling Wedge, signaling a potential 333% surge toward its all-time high of $0.41.
- Rising volume and bullish RSI divergence confirm strong momentum, reinforcing the likelihood of a sustained rally.
- Season 7 Rewards introduce a 1,000,000 XBG pool, boosting investor interest and adding to the cryptocurrency’s bullish outlook.
JavonMarks has identified a technical milestone in XBorg (XBG). The cryptocurrency avoided a humongous bullish Falling Wedge structure. The break, with the rising volume and powerful Regular Bullish Divergence, predicts that XBG is headed towards a big uptrend. Marks estimates an imminent 333% rally that will push prices to the absolute high of $0.41.
Technical Breakout and Volume Surge
XBorg’s price action has displayed a clear Falling Wedge structure, characterized by lower highs and lower lows. Historically, this pattern signals a trend reversal once a breakout occurs. Significantly, XBG has now moved above this wedge, indicating a shift in momentum.
Moreover, trading volume has surged alongside the breakout. A declining volume trend during consolidation often precedes a strong move. Now, with volume expanding, buying pressure is evident. This supports the potential for a sustained rally, mirroring past breakout scenarios.
RSI and Market Sentiment
The Relative Strength Index (RSI) further supports this bullish outlook. Previously in a downward trend, the RSI has now reversed and is forming higher lows. This indicates strengthening market sentiment, aligning with historical reversal patterns.
Besides, the price stabilized at a key support level before initiating this upward move. The confluence of technical indicators, including RSI divergence and volume breakout, signals strong potential for further gains. If the price sustains above the wedge, momentum could accelerate.
Additional Market Catalysts
Beyond technical factors, XBorg’s ongoing initiatives add to its bullish potential. The launch of Season 7 Rewards introduces a 1,000,000 XBG reward pool distributed monthly. Investors can earn these rewards without locking their tokens, making participation attractive.
Hence, these combined elements create an ideal environment for growth. A breakout setup, increasing volume, and bullish RSI divergence all point toward an upward trajectory. Additionally, community-driven incentives further strengthen market interest in XBG.
