XAN PLUNGES THROUGH KEY SUPPORT 😧📉
$XAN shattered the 4‑hour bullish order block, diving from its 24‑hour high of $0.02200 to a new low of $0.01117. The sell‑off accelerated as volume spiked to $57.98 M, hammering the $0.01123 support zone and leaving only a thin liquidity cushion above the current $0.01201 price. The breach of the order block signals that institutional accumulation has pivoted away, feeding a rapid momentum reversal 😧.
Momentum oscillators have turned sharply negative, with RSI sinking well below 30, confirming a transition from a pull‑back to a structural downtrend. The $0.02189 resistance band now appears distant, while the $0.01658 mid‑range acts as a potential swing point if buying interest resurfaces. Given the depth of the sell pressure, the move resembles a breakdown rather than a healthy correction 📉.
If
$XAN manages to cling above the tested support, a short‑term bounce could target the mid‑range, but further erosion may expose deeper levels. Watch for any reversal candlesticks that could hint at a shift in order flow.
Levels to monitor:
Watching support around $0.01123
Structure suggests resistance near $0.02189
Mid range area: $0.01658
DYOR
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