SHOOZCOIN
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The XCH/USD trading pair on Crypto.com has been showing significant bearish activity on both daily and weekly charts, indicating a potential long-term downtrend. After reaching a high on March 5, 2024, the pair began a steady decline, eventually hitting a lower high on November 21, 2024, reinforcing the bearish sentiment.As of now, the price sits at $18.978, reflecting a downward trajectory that aligns with the broader trend. Technical indicators suggest a lack of bullish momentum, with lower highs and lower lows dominating the chart. This pattern hints at a continuation of the current downtrend, barring any unexpected market shifts or external factors.Given the current market dynamics, a further price decrease seems likely. My prediction places the XCH/USD price at $4.490 by July 3, 2025. This projection is based on the continuation of bearish sentiment and the absence of any significant reversal signals on the daily or weekly timeframes.Key Levels to WatchResistance: The most recent lower high from November 2024 may act as a significant resistance level.Support: The psychological $10.00 level could provide temporary support before a potential further decline.Final ThoughtsXCH/USD traders should exercise caution and consider this bearish outlook when planning their trades. As always, staying informed and analyzing multiple sources of data is critical to navigating volatile cryptocurrency markets.
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.