Today, XAI's performance really made me a bit regretful. After calling for a long position in the morning, it indeed surged over 15%. At that time, the increase looked pretty good, and around 9:30, I actually considered whether to call for an exit, since I had screenshot evidence. But considering that everyone was chasing the high, and I was still thinking about the Delta operation of the solid staking (which is quite addictive), I decided not to post any reminders.

As a result, the market was hunted by bears at the resistance level of 0.022-0.023, followed by a clear waterfall decline. The price was repeatedly rejected when trying to break through the 0.023 range. From a technical perspective, the short-term EMA on the 15-minute to 1-hour chart has started to turn downward, and the upper band of the Bollinger Bands is also under pressure and falling back, which is a typical reversal signal.

Currently, the support level at 0.0190 appears to be quite weak. Once broken, the immediate target is the previous low at 0.0165. Overall, the downward trend has become quite clear, and a waterfall market may occur soon. Everyone should stay alert.