Xai (XAI) is exhibiting a bullish descending broadening wedge pattern on its daily chart, coinciding with a broader cryptocurrency market rally. Over the past 24 hours, Bitcoin (BTC) and Ethereum (ETH) have increased by 3% and 7%, respectively, while XAI has risen by 4% to approximately $0.0275. The token's 10-day moving average at $0.02691 is providing short-term support.
A breakout above the wedge's upper boundary could propel XAI towards the 200-day moving average at $0.05388, indicating a potential 95% gain. Conversely, failure to break out may lead to a test of support at $0.02437.
Xai (XAI) Forms Bullish Pattern Amid Crypto Market Rally
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