XPIN Network’s native token, XPIN, has taken the spotlight after soaring by 100% in a single day, marking a new all-time high (ATH). The token, built on the BNB Chain, jumped from $0.0013 to $0.0029 within 24 hours before retracing slightly to $0.0025.
This surge marks a significant milestone for the AI-driven DePIN (Decentralised Physical Infrastructure Network) project, which aims to revolutionise connectivity through decentralised infrastructure and artificial intelligence.
However, after this parabolic move, investors are questioning whether XPIN’s breakout is fundamentally driven or simply the result of market hype.
Technical Breakout Confirms Bullish Pattern
The recent rally follows a clear technical breakout from a symmetrical triangle pattern, a setup often signalling the start of a new bullish phase. According to CCN’s analysis, the breakout was confirmed when XPIN’s price decisively moved above the upper trendline, breaking through the key resistance zone at $0.0018.
The Bull Bear Power (BBP) indicator printed a series of green histogram bars, reflecting strong bullish sentiment. At the same time, the Supertrend indicator flipped positive, showing the green trendline below the price, a signal often associated with continued upward movement.
Still, the next resistance level at $0.0029 appears to have stalled the rally. Bulls will need additional momentum to clear this zone decisively, which seems unlikely in the short term given mixed technical signals.
Volume Surge Adds Credibility, But Momentum Falters
Volume often tells the real story behind any crypto rally, and XPIN is no exception. Data from Santiment shows that XPIN’s trading volume skyrocketed from around $20 million on October 16 to over $179 million within 24 hours, a staggering ninefold increase.
Such a surge typically indicates genuine market participation rather than speculative pumps. Sustained high volume could help XPIN maintain its bullish trajectory and possibly target new highs in the coming sessions.
However, analysts caution that the rising volume amid a slight price decline may also suggest distribution, where traders begin to take profits after a strong rally. Some market watchers on social platform X have pointed out the formation of a possible double-top pattern, a bearish indicator that could precede a correction.
One pseudonymous analyst warned, “Looks like a double top and bull trap here. Bulls need to break above ATH levels, otherwise the pullback could be epic.”
Indicators Hint at Short-Term Pullback
The technical outlook on XPIN’s daily chart paints a picture of possible short-term weakness. The Bollinger Bands have widened significantly, signalling rising volatility, but the price has already touched the upper band, suggesting that XPIN might be entering overbought territory.
The Relative Strength Index (RSI) supports this view, having recently entered the overbought zone before turning downward. This indicates that buying pressure could be waning, increasing the likelihood of a temporary correction.
If the pullback continues, XPIN could test immediate support at $0.0024. A confirmed breakdown below this level could expose the token to deeper support around $0.0019, a zone where buyers may attempt to re-enter.
Outlook: Consolidation Before Next Move?
Despite the possibility of a short-term correction, the overall structure remains bullish for XPIN as long as it holds above its key support levels. The project’s growing ecosystem, combined with strong community backing and rising trading interest, provides a solid foundation for future upside.
Should buying pressure return, XPIN could retest its ATH at $0.0029 and potentially push towards the $0.0047 mark, its next major technical target.
For now, the market appears divided between cautious optimism and profit-taking. If XPIN can maintain strong volume and investor confidence, the DePIN token could soon confirm itself as one of the BNB Chain’s standout performers of the season.
