X Protocol (POT)

1. Fundamental Analysis

1.1 Introduce

X Protocol is the first metaverse+ application portal programmed using RUST language with source-generated gameplay and land economy model. It also provides low-cost access to the Metaverse for DAPPs on heterogeneous chains, sharing X Protocol s users while making the X Protocol ecosystem more prosperous. X Protocol will strive to become the “Ready Player one”‘s World + STEAM platform in the blockchain space. Considering that Polka JS. wallet does not support mobile devices, X Protocol will be deployed on multiple public chains such as Polkadot, Solana, Polygon, Ethereum, BSC, etc. in order to serve more users.

1.2 Basic Info

2. Technical Analysis

2.1 Kline Data

2.2 Analysis

The recent price action suggests a short-term bullish trend is weakening, potentially indicating a period of consolidation or a shift towards a bearish trend. However, significant volume spikes around key price movements suggest underlying volatility and potential for future sharp price swings. Longer-term predictions require further data and analysis. A sustained break below the 0.0045 support level could trigger a more significant downward correction, while a break above recent highs around 0.0050 could signal a resumption of the upward momentum. The current market sentiment appears uncertain, with a neutral to slightly bearish bias prevailing in the near term. Careful monitoring of volume and price action around key support and resistance levels is crucial for accurate forecasting. Further analysis incorporating indicators beyond simple K-line data is recommended for a more comprehensive outlook.