XAIUSDT Is a Breakout on the Horizon or a Pullback Imminent?

Yello, Paradisers! Could #XAIUSDT be gearing up for a significant breakout, or is it poised for a pullback? Here's what we're seeing:

💎#XAI is displaying bullish potential after rebounding from the demand zone and forming a strong rejection candle. If the daily candle closes similarly, there is a real chance for the price to push toward the $0.228 supply zone. A successful breakout could lead to further upward movement, potentially crossing the resistance trendline and reaching the major resistance area we’re monitoring.

đź’ŽIf XAI fails to hold above the demand zone and breaks down, a retest of the $0.18 - $0.166 area is likely. This zone has proven resilient in the past, often triggering rebounds and significant upward trends.

đź’ŽA daily close below the $0.166 major support would invalidate the bullish outlook, suggesting a potential deeper dip.

Stay disciplined and strategic, traders. Success in this market comes to those who trade with patience and precision.

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