Venus (XVS) Price Analysis: Key Support Zone Hints at Potential Reversal

Key Takeaways

• Major support zone between $3.50 and $4.50.
• Wave (c) nearing completion, signaling a potential bottom.
• Trendline resistance around $7.50 needs a breakout for confirmation.
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Venus (XVS) has experienced a prolonged downtrend, approaching a critical support zone that historically triggered price rebounds.

The daily chart suggests that the asset is nearing the completion of a corrective wave, aligning with a potential bullish reversal.

Meanwhile, the short-term analysis indicates a probable final downward movement before a significant uptrend begins.

XVS Price Analysis 

XVS has been in a prolonged corrective phase, forming a WXY structure on the daily chart. The price is currently approaching a significant support zone around $3.50–$4.50, which historically acted as a strong accumulation area.

This level coincides with previous wave (ii) lows and aligns with a potential completion in the ongoing correction.

The descending trendline from previous highs remains a crucial resistance level, currently positioned near $7.50.

A breakout above this level would confirm a shift from bearish to bullish momentum.

Meanwhile, the Relative Strength Index (RSI) remains near oversold conditions, reinforcing the likelihood of a reversal from the key demand zone.

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 If price fails to hold this support, deeper downside risks toward $2.50 emerge, though this remains a less likely scenario given historical price behavior.

XVS Price Prediction

The 4-hour chart suggests that XVS is in the final stages of its corrective decline, with wave (c) nearing completion.

The most probable short-term scenario involves one last downward move to test the $3.00 region before a strong rebound occurs.

Fibonacci retracement levels indicate that the 0.618 support at $4.12 could serve as a local bottom before a reversal begins.

If this level holds, the next impulsive wave could drive XVS toward the $6.00–$7.50 resistance zone in the coming weeks.

Upon confirmation of the wave (c) bottom, the first key resistance is expected around $5.50, followed by a more significant barrier at $7.50, where the descending trendline intersects.

If momentum continues, the 1.618 Fibonacci extension projects a rally toward $9.00 as the next major target.

However, a failure to hold the $4.00–$4.50 range could invalidate this outlook and open the door to deeper retracements.

If bearish pressure persists, the next critical support rests at $3.00. The RSI will be crucial in confirming a reversal, with a move above 50 signaling renewed bullish strength.

If XVS successfully holds the $4.00 region and rebounds, a bullish impulse toward $7.50 and beyond is highly probable.

Key Levels to Watch

• Immediate Resistance: $5.50 (first breakout confirmation).
• Key Resistance: $7.50 (descending trendline intersection).
• Short-Term Target for Wave (i): $9.00 (1.618 Fibonacci extension).
• Immediate Support: $4.12 (0.618 Fibonacci retracement).
• Critical Support: $3.50 (historical demand zone).
• Invalidation Zone: Below $3.00, signaling deeper downside risk.