XEND Token Analysis: WETH/XEND Breaks Long Term Trend As Market Continues Sell Off
XEND had risen nearly 700% since its release a few months back. XEND has fallen with the rest of the cryptocurrency market. Overall the market has taken a large blow but XEND has held decently well in % terms.
Major support of 4150 XEND to WETH has held the price of XEND thus far. When XEND broke its support of 4600 XEND to WETH, it also broke long term trend line. This is not the best sign for XEND. If 4150 XEND to WETH fails to hold, expect a fall to major support range of 3500-3700 XEND Tokens to WETH.
XEND Token Analysis: XEND/WETH 4 Hour Chart
For XEND to continue its uptrend, it must break and hold 4583 XEND to WETH. At the time of writing, the next resistance also lines up with its long term trend line. If XEND manages to hold its 200MA and break these two marks, it will be in good position to revive back near ATH.
While looking at the Stochastic RSI, we can see it has been stuck in oversold levels. The longer this stays down, the more chance XEND has another leg down. The regular RSI is dangling near oversold levels and a break under will result in a drop to next support level.
XEND intraday levels
- Spot rate: 4150 XEND to WETH
- Trend: Bearish
- Volatility: High
- Support: 4150 XEND to WETH
- Resistance: 4583 XEND to WETH
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