Technical analysis by asilturk about Symbol XVS: Buy recommendation (12 hour ago)

XVS (Venus) is a lending and borrowing protocol built on the Binance Smart Chain (BSC) network and operating in the field of decentralized finance (DeFi). The main purpose of Venus is to enable users to borrow money by collateralizing their crypto assets or earn interest by locking their assets into the system. Venus also has its own synthetic stablecoin pegged to the US Dollar called VAI. As of now, its price is 4$, market value is 123Million$, historical bottom is 2$, highest level is 147$, platform concentration value is 3.58 (must be careful), 16Million in circulation and 30Million total maximum supply. From a technical perspective, we observe the formation of a weekly trend. It would be wrong to look for formations other than DUK, like all other cryptos, but it is worth noting that with the support of the indicators, the price will gradually recover as there is no conflict in the chart and it is at investable levels for medium and long term investors. It is beneficial for those who will open futures transactions to pay attention to liquidity levels (margin). BTC/ETH comparative charts can be interpreted more clearly than the USD chart. I have indicated the sequential targets in the chart. I predict that harsh movements can be expected in the coming days. I wish you pleasant spending.