After attaining a 1000% surge over the week, X Empire price created a new ATH a few hours ago. More importantly, it has become one of the most bullish cryptos of the week. With this, it has made many holders attain heavy profits, making it a significant milestone. However, considering its previous downtrend and users’ disappointment past the airdrop distribution, this is much more than that. Regardless, the token is still crazily far from attaining the earlier anticipation of $1, but many believe the $0.1 mark is still achievable.

X Empire Price Maintains Bullishness Past New ATH

The X token was launched with a listing price of $0.00009599, but after a shallow peak, it entered a downtrend. This downtrend continued for days, pushing it to an all-time low of $0.00003315 just eight days ago. Many compared it to Hamster Kombat’s native token, HMSTR’s price performance, as both were the native tokens of Telegram Tap to earn games with massive popularity. However, their downfall was also similar, as both had last-minute changes with the airdrop, bringing negative user sentiments to the project and causing this downtrend.

Thankfully, the trends reversed, and the altcoin began to move upwards, gaining a 1048% surge over the week. During this period, it created two new ATHs, attaining the first X Empire ATH on November 9, where it surged to $0.0002165. However, the price has doubled since then, setting even another ATH at $0.00058 almost 22 hours ago, currently trading at $0.0004256 after a minor consolidation. With this, the token is now due to fulfill the holder’s and game players’ expectations of its rally to $0.1.

However, the target is still far, and there are concerns about further selloffs or downtrends similar to the one it faced right after launch.

Can It Achieve $0.1?

Despite its bullishness, the token had to surge 100x to attain the $0.1 target. However, with the crypto market selloff, the token might face challenges in maintaining the bullishness, as many popular cryptos have faced declines today. Moreover, the technical indicators indicate selling pressure in the X Empire price chart, where the RSI is at 84.95961001, indicating overbuying and possible price consolidation. This explains its drop from ATH to $0.0004256 despite user greediness in the market. However, despite that, there is strong buying pressure, which might help with a rapid recovery from the ongoing consolidation.

Many crypto analysts have even spoken of it surging past the current ATH to $0.001 or even higher. However, that entirely depends on the crypto market and users’ sentiments. The 143% surge in the trading volume to $1.65B indicates the high demand for the X token. Moreover, the user’s sentiments are also greedy, with BTC still maintaining a bullish trend. With that, the token might achieve even higher heights.

Again X is going to hit 1000%

You are still early if you enter now #XEmpire $X pic.twitter.com/BYmHfJXD7e

— Crypto wolf (@sgccrypto) November 10, 2024

However, the X Empire achieving the $0.1 is too much of a big attempt at this moment, but in the long term, there is a possibility, especially with its Season 2 launch.

The post X Empire Still Bullish With New ATH: Can It Achieve $0.1? appeared first on CoinGape.

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Filed under: News - @ November 11, 2024 2:23 pm