Key Takeaways
Venus (XVS) has experienced a prolonged downtrend, approaching a critical support zone that historically triggered price rebounds.
The daily chart suggests that the asset is nearing the completion of a corrective wave, aligning with a potential bullish reversal.
Meanwhile, the short-term analysis indicates a probable final downward movement before a significant uptrend begins.
XVS Price Analysis
XVS has been in a prolonged corrective phase, forming a WXY structure on the daily chart. The price is currently approaching a significant support zone around $3.50–$4.50, which historically acted as a strong accumulation area.
This level coincides with previous wave (ii) lows and aligns with a potential completion in the ongoing correction.
The descending trendline from previous highs remains a crucial resistance level, currently positioned near $7.50.
A breakout above this level would confirm a shift from bearish to bullish momentum.
Meanwhile, the Relative Strength Index (RSI) remains near oversold conditions, reinforcing the likelihood of a reversal from the key demand zone.
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If price fails to hold this support, deeper downside risks toward $2.50 emerge, though this remains a less likely scenario given historical price behavior.
XVS Price Prediction
The 4-hour chart suggests that XVS is in the final stages of its corrective decline, with wave (c) nearing completion.
The most probable short-term scenario involves one last downward move to test the $3.00 region before a strong rebound occurs.
Fibonacci retracement levels indicate that the 0.618 support at $4.12 could serve as a local bottom before a reversal begins.
If this level holds, the next impulsive wave could drive XVS toward the $6.00–$7.50 resistance zone in the coming weeks.
Upon confirmation of the wave (c) bottom, the first key resistance is expected around $5.50, followed by a more significant barrier at $7.50, where the descending trendline intersects.
If momentum continues, the 1.618 Fibonacci extension projects a rally toward $9.00 as the next major target.
However, a failure to hold the $4.00–$4.50 range could invalidate this outlook and open the door to deeper retracements.
If bearish pressure persists, the next critical support rests at $3.00. The RSI will be crucial in confirming a reversal, with a move above 50 signaling renewed bullish strength.
If XVS successfully holds the $4.00 region and rebounds, a bullish impulse toward $7.50 and beyond is highly probable.
Key Levels to Watch
- Immediate Resistance: $5.50 (first breakout confirmation).
- Key Resistance: $7.50 (descending trendline intersection).
- Short-Term Target for Wave (i): $9.00 (1.618 Fibonacci extension).
- Immediate Support: $4.12 (0.618 Fibonacci retracement).
- Critical Support: $3.50 (historical demand zone).
- Invalidation Zone: Below $3.00, signaling deeper downside risk.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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