XYO's price has surged 128% in the last 24 hours, reaching $0.02921 as of 2:09 AM EST. This surge comes amidst rumors of a potential partnership between the Decentralized Physical Infrastructure Networks (DePIN) project and electric vehicle giant Tesla.
On December 2, 2024, Scott Scheper, a key figure in the XYO project, confirmed the rumors in a tweet:
"Confirmed. Next Thursday, December 12th, I'll be visiting a @Tesla hardware installation center for the $XYO cybertruck."
XYO Price Analysis
The XYO price has broken out of a consolidation phase around $0.0088 and is now trading significantly above key moving averages, indicating strong bullish momentum.
- The 50-day and 200-day Simple Moving Averages (SMAs) show sustained buying pressure.
- The Relative Strength Index (RSI) is at 85, indicating overbought conditions.
- The Moving Average Convergence Divergence (MACD) is above the signal line, confirming bullish momentum.
Resistance levels at $0.03 and $0.035 may present challenges, but a breakout could potentially push the price towards $0.040.
Downside Considerations
If the RSI drops, bearish pressure could cause the XYO price to retrace to the previous breakout zone around $0.017 and $0.015.
Pepe Unchained (PEPU) Presale
Amidst the XYO price surge, the Pepe Unchained (PEPU) presale has garnered attention, raising over $66.6 million to date. YouTube channel 99Bitcoins, with over 706K subscribers, predicts potential growth.
PEPU aims to free the original PEPE from the Ethereum network with its own Layer 2 blockchain, offering faster speeds, lower transaction costs, and enhanced scalability. The project offers a substantial 55% annual reward for staked PEPU tokens.
Investors have only 10 days left to participate in the PEPU presale, which concludes around December 13. PEPU is currently priced at $0.01295 and can be purchased on its official website using ETH, USDT, or a credit card.
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