$XNY is attempting a structural shift after a prolonged downtrend

We had a consistent pattern of lower highs and lower lows, followed by a sharp liquidity sweep near 0.00422. That wick is important — it signals seller exhaustion. Instead of continuation downside, price reacted aggressively upward, which usually indicates absorption at the bottom.

Now price is trading around 0.00504 and has broken above the most recent minor lower high on the 4H structure. That’s the first technical improvement in trend behavior.

• Clear base formation between 0.0042 – 0.0045
• Break above short-term descending structure
• Momentum candles expanding on upside

0.0052 – 0.0053 zone is loading. Structurally, 0.0048 is the key invalidation level.

If price falls back below 0.0048, this breakout turns into a failed move and likely revisits the lows.

Right now momentum favors upside — but strong confirmation comes only after a clean break and hold above 0.0053.