$XAI has experienced a 3.156% decline in the last 24 hours.
The price fluctuated between 0.0512 and 0.0475, currently hovering near the lower Bollinger Band.
With established support at 0.0475 and resistance at 0.0512, the downtrend appears weak but concerning.
Market macroeconomic factors, including inflation data and regulatory updates, could heighten volatility.
At this point, Bitcoin's influence on XAI's movements is not clearly defined, adding uncertainty.
Traders may consider a short-term strategy to capitalize on potential price corrections.
Key takeaway: Monitor macro factors closely, as they could provide vital clues for XAI’s recovery trajectory.
