XVG Rises 1.12% After a Turbulent Week, Technical Analysis Suggests Possible Short-Term Bounce

As of October 30, 2025, XVG experienced a 1.12% increase over the past 24 hours, reaching $0.00538. Over the previous week, XVG declined by 7.47%, while it gained 9.24% in the last month and saw a 58.62% decrease over the past year.

The 1.12% price uptick for XVG in the last day contrasts with its 7-day performance, which recorded a significant 7.47% loss. Although this recent rise may reflect renewed buying interest, the substantial 58.62% drop over the past year highlights the token’s ongoing bearish trend. Experts believe that near-term price action will continue to be influenced by broader market trends and overall economic sentiment. With no major fundamental developments or adoption news for XVG in recent weeks, the market currently lacks clear direction, leaving price movements largely driven by speculation.

Current technical analysis points to a potential reversal in the short term. The Relative Strength Index (RSI) has entered overbought levels following the recent daily gain, suggesting a possible pullback is imminent. At the same time, the Moving Average Convergence Divergence (MACD) indicator shows a narrowing histogram, indicating that the momentum behind the latest rally may be weakening. Taken together with the recent declines over the past week and year, these signals suggest traders should approach the market with caution at this price point.

Whether the price can maintain levels above $0.00538 will likely be a focal point in the near future. Should it fall below this threshold, the $0.0052–$0.0051 support zone could be tested, potentially triggering further selling. On the other hand, a move back toward the $0.0055 resistance could reveal if current buying interest is strong enough to sustain an upward move.

Backtesting Approach

To assess the reliability of short-term trading signals in light of XVG’s recent activity, an event-driven backtesting strategy can be implemented. The approach involves identifying significant price changes—such as a 10% drop from the previous day’s close—and then analyzing performance over a set period, like five days or a week. This method enables evaluation of how well technical indicators like RSI and MACD predict price action following such events.

By defining an event as a closing price decline of at least 10% compared to the prior day, one can isolate past instances and examine the average subsequent returns. This framework can be customized for XVG or applied to a group of assets for comparison. After specifying the relevant tickers and criteria for the 10% move, historical data from January 1, 2022, to October 30, 2025, can be used to conduct the backtest and analyze performance outcomes.