Crypto Express
07/13 04:46
Long-term holders prefer not to sell XPR
The misgivings from the weekly volume would likely be exacerbated by the price action on the 1-day chart. The daily trading volume saw a surge on the 11th of July, but was well below the January highs.
Moreover, a bearish order block at the $0.005 region saw XPR bulls rejected in the past 24 hours.
Hence, despite the bullish structure on the daily chart and the breakout past the descending trendline, there was a chance of a deeper pullback.
The $0.0004 level could be retested, since it had been a resistance level since April. Such a retest would likely be a buying opportunity for investors.
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