$XVS is currently trading at 6.04 USDT, indicating a bullish market structure.
The asset is approaching the resistance level of 6.11 USDT, with an RSI of 65.31 suggesting strong momentum.
A breakout strategy may be prudent, targeting further upside if it surpasses the resistance.
However, traders should remain cautious of potential volatility influenced by Bitcoin and broader macroeconomic events.
Monitoring volume trends will be vital for effective entry points.
