Short-Term Structure Shows Momentum Reversal
XVG Technical Analysis on the 8-hour timeframe reflects a completed bearish phase marked by a descending channel. Price respected lower highs and lower lows, yet volatility steadily compressed toward the channel’s final section.
This compression suggested seller fatigue rather than renewed downside conviction from market participants. The technical turning point occurred with a decisive breakout above descending resistance.
The breakout candle showed strong range expansion, followed by bullish continuation without immediate rejection. Several analysts on X noted that such follow-through often confirms genuine demand entering the market.
A projected measured move estimates upside near forty-five percent from the breakout base. Price continues pressing toward the upper target zone, supported by consistent higher closes.
As long as price holds above former resistance, the short-term bias remains constructive.
Monthly Dominance Chart Signals Accumulation Phase
XVG Technical Analysis on the monthly dominance chart provides a broader structural context. After years of underperformance, price stabilized within a clearly defined horizontal demand zone.
Each test of this zone produced higher lows, suggesting supply absorption rather than distribution. Repeated monthly closes near this resistance indicate building pressure rather than rejection.
Market observers on X referenced this compression as a common precursor to directional expansion. Momentum conditions also show improvement on the macro timeframe.
The RSI recovered from oversold levels and now holds above the midpoint. This behavior reflects stabilization and gradual strength returning to relative performance.
Relative Strength Structure Shows Asymmetric Setup
XVG Technical Analysis against Bitcoin dominance presents another layer of confirmation. The relative-strength chart displays a rounded base forming after an extended macro decline.
This structure indicates long-term accumulation following seller exhaustion. An ascending triangle has emerged on the monthly timeframe.
Higher lows press against a flat resistance band, tightening the range over time. Such formations often precede expansion when confirmed by a breakout.
Moving averages have flattened and begun converging near current price levels. This alignment reduces downside pressure while maintaining clear risk boundaries. Traders on X described the setup as a coiled structure awaiting confirmation. Short-term continuation remains favored while higher-timeframe resistance levels define confirmation thresholds.