XPR has been ranging for several days, the coin is facing a very stiff barrier level, market speculators seem to be favoring a bearish breakout, but is essential to water for the price to break from any of the given price resistance levels.
Supply levels: $1.10, $1.16, $1.21
Demand levels: $1.08, $0.99, $0.95
XPR Medium-term Trend: Counter-trend
The Medium-term trend of XPR is a ranging one; the price is seen within the support and resistance channel of $1.08 and $0.99. In this situation, the market is waiting for a possible price break out either for a bullish bearish trend.
In analyzing the daily chart, the price is below the 50 Exponential Moving Average, while the price is in-between the 14 Exponential Moving Average. And the MACD Indicator is yet to signal for any definite market direction.
XPR Short-term Trend: Counter-trending
XPR short-term trend has been in a counter mode. The coin loses momentum after hitting a key market level. Thus waiting for a price break out will be a good decision making.
The 4-hour chart shows that the price is trending in-between the 14 and 50 Exponential Moving Averages, and the MACD Indicator signal lines and Histogram bars are on the bearish indication but lack the needed momentum to push the market.
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