CandleFocus

X Empire price is surging, but a risky pattern points to a 65% crash

The price of X Empire (X) token has experienced a massive surge, increasing by 2,917% from its lowest level this month to reach a high of $0.000603. This surge in price coincided with Donald Trump's presidential election victory and rumors of Elon Musk potentially advising the Trump administration. Despite not being affiliated with Musk, the token's name and association with Musk's ventures have attracted traders. X Empire is a popular Telegram game with over 50 million users and 300 million YouTube views, allowing users to earn X rewards that can be converted into fiat currency. The token's price may be influenced by its potential listing on tier-1 exchanges such as Binance or Coinbase. However, there are indications that the token's rally may be losing momentum, with the Relative Strength Index suggesting overbought levels. There is a possibility of a doji candlestick pattern forming, which could indicate a potential reversal and a decline in price. If the price fails to surpass the current range and confirms the doji formation, there may be a retest of the support level at $0.00015.

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