XVS/USDT at Major Downtrend Resistance – Breakout or Rejection?
VENUS (XVS) on the 3D timeframe is still trading within a medium-to-long-term bearish structure, characterized by a clear sequence of lower highs and lower lows. However, a strong reaction from the 3.52 USDT low suggests early bullish interest, pushing price back toward the 5.7 USDT area. Price is now approaching a critical decision zone near the descending trendline.
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Pattern & Technical Structure
Descending Trendline (Major Resistance)
The yellow diagonal line represents the primary downtrend resistance originating from the 12.8 USDT peak. This trendline has repeatedly capped bullish attempts.
Bearish Market Structure
Price remains below:
The major descending trendline
Historical supply zones between 7.0 – 8.9 USDT
Potential Trend Exhaustion
The strong bounce from the 3.52 USDT level indicates weakening selling pressure, though a confirmed trend reversal has not yet formed.
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Key Levels & Important Zones
Resistance Levels (Supply Zones):
7.00 USDT (first key resistance)
8.05 – 8.50 USDT
8.90 USDT
10.30 – 10.90 USDT
11.80 USDT
12.80 USDT (major high)
Support Levels:
5.10 – 5.70 USDT (minor support & consolidation area)
4.50 USDT
3.52 USDT (major bottom / critical support)
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Bullish Scenario
Price breaks and closes strongly above the descending trendline.
Successful break & retest of the 7.00 USDT level as new support.
Upside targets:
8.05 – 8.50 USDT
8.90 USDT
10.30 – 10.90 USDT
Strong confirmation occurs when market structure shifts into higher highs and higher lows on the 3D timeframe.
➡️ This bullish case represents a trend reversal scenario, valid only with clear breakout confirmation and volume support.
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Bearish Scenario
Price fails to break the trendline and forms rejection or bearish price action.
Breakdown below 5.10 USDT.
Downside targets:
4.50 USDT
Retest of the 3.52 USDT low
A breakdown below 3.52 USDT would signal bearish continuation.
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Conclusion
VENUS remains under dominant bearish control, but price is currently at a key decision area. A confirmed breakout above the descending trendline may trigger a medium-term trend reversal, while rejection would reinforce the ongoing bearish trend. Waiting for clear price action confirmation is highly recommended.
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source https://www.tradingview.com/chart/XVSUSDT/mq5zPt9S-XVS-USDT-at-Major-Downtrend-Resistance-Breakout-or-Rejection/
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