XVG has recently shown a clear technical warning signal.

Looking at different timeframes makes it obvious:

On the 15-minute chart, RSI is at 64, which is neutral to slightly bullish; on the 1-hour chart, it suddenly jumps to 75, and the MACD histogram is shrinking but still positive, indicating that upward momentum is waning; most critically, on the 4-hour chart, RSI has reached 80.6, in a severely overbought state, and the overall structure appears particularly fragile.

The more dangerous part is that the volume has almost dried up, shrinking by 99.3%, which is a classic divergence between price and volume. The price is moving upward, but trading volume is sharply declining, indicating that the bulls lack follow-through strength.

Key price levels to watch:
- Currently stuck at the psychological level of 0.0100
- Resistance above at 0.0102 and 0.0105
- Support below at 0.0098 and 0.0095

How to operate? If it breaks above 0.0102, don’t chase; wait for a pullback to confirm. If it falls below 0.0098, consider shorting with a target of 0.0095, and set a stop-loss at 0.0103. The range between 0.0098 and 0.0102 should be observed without action.

Honestly, the most rational choice now is to wait. Overbought + no volume, the bulls are exhausted. Instead of betting on an uncertain breakout, it’s better to wait until the price effectively breaks below 0.0098 before considering a light short position, or wait until it drops below 0.0095 to look for opportunities. Better to miss the move than to make a wrong call.