This movement is driven by #baleias and experienced traders, who take advantage of the hype to sell at the top, before the inevitable correction.

The chart shows the XUSD/USDT pair being traded at 1.0000 USDT, with a slight appreciation of +0.03%. The trading volume in the last 24 hours is around 5.27 million XUSD, indicating reasonable liquidity.

The recent green candles and the crossing of the 7-period Moving Average (MA7) above the 25-period Moving Average (MA25) suggest a short-term bullish trend. However, the price is very stable around 1 dollar, which is typical of stablecoins.

If it is a stablecoin, as it seems to be the case, the movements are small, and the focus should be more on the utility of the currency than on speculation. If it is a volatile asset, the increasing volume may indicate market interest.

If $XUSD follows this pattern, it may rise a little more before falling.

The high volume indicates that there is interest, but the price stability near 1 USDT suggests that it may be a #stablecoin , which would limit its volatility.

Are you thinking of entering this or just observing the market?