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XCN price action forms a rounding bottom pattern after an extremely bullish month preparing for another bull run to surpass $0.12. Key technical points:
- The XCN market value inflated by 12.28% in the last 24 hours
- A bullish pattern hints at a bull run of 50%
- The 24-hour trading volume of Chain is $118 Million, a hike of 85%
Past Performance of XCN XCN technical analysis displays an upward trend that has reverted from the critical resistance level of $0.075, which has led to an uptrend that reaches at least the $0.11 mark. In addition, the uptrend creates higher highs, resulting in a rounded bottom pattern. Additionally, the recovery causes the price to increase by 50% and challenges the sellers to $0.11. 
Source-Tradingview
XCN Technical Analysis
Infringing on the downtrend, XCN prices prepare for an upswing that could exceed even the $0.11 mark as trading volume rises. Today, the price has been increased to 12.72%, which reflects the growing buying pressure preparing for a breakout rally. The Vortex indicator displays a bullish crossover between the VI lines, which is the first reversal of the trend in the rounding bottom pattern. In addition, both the MACD and the signal line are in an upward trend that is bullish since the upward movement of histograms continues. The upward trend in those K and the D lines that began after having avoided a bearish crossover suggests a bullish overhand. Therefore, the technical indicators indicate a bullish trend preparing to surpass the neckline. In short, the XCN technical analysis showcases a high possibility of rounding bottom breakout.
Upcoming Trend
If XCN buyers keep up the pressure, the value of the market will soon rise above the $0.11 mark and then reach the $0.14 mark. But, a breakout failure could result in the market value retracing below $0.10. Resistance Levels: $0.11 and $0.14 Support Levels: $0.093 and $0.075