XEND finance has been hit hard the last few weeks along with the rest of the market. Overall, the cryptocurrency market has fallen on average around 50% from all time highs. XEND is a newly released coin and has not shown its potential just yet. XEND aims to tackle an important industry, specializing in DEFI regarding borrowing and lending. XEND also has big names such as Binance and Google backing it and will sure have a strong revival once the market stabilizes.
XEND has been stuck within a 2 month long descending channel. The bottom trend of its channel along with the major support of $0.363 has held the price of XEND thus far. As long as XEND continues to stay over the $0.40 mark, expect a push to around $0.60 minimum.
XEND Price Analysis: XEND/USD 4 Hour Chart
The 30 MA has acted as resistance for the month of May. XEND must break & hold this mark to continue higher to its top trend line. The 30MA is also met with a major resistance mark of $0.47. XEND must break and hold these two marks for a clear path to $0.60.
While looking at the Stoch RSI, we can conclude it is hanging out in overbought territory. This is a good sign as long as it stays above the 80 value. The regular RSI has just broken a week long trend line. As long as XEND continues to stay above this trend, $0.60 is imminent.
XEND Intraday Levels
- Spot rate: $0.44
- Trend: Bearish
- Volatility: High
- Support: $0.40
- Resistance: $0.471