$XVG is testing a major multi-year support zone between $0.00140 and $0.00195 on the weekly timeframe, alongside a historic descending trendline.
Holding above and defending this zone could pave the way for a bullish reversal, with resistance targets starting at $0.00335 and extending to $0.01510. However, a weekly close below $0.00140 would invalidate this scenario and open the door to further downside toward $0.00095.
Holding above and defending this zone could pave the way for a bullish reversal, with resistance targets starting at $0.00335 and extending to $0.01510. However, a weekly close below $0.00140 would invalidate this scenario and open the door to further downside toward $0.00095.
