NOIDA (CoinChapter.com) — X Empire’s token (X) recently saw a sharp price surge, capturing market attention amid heightened anticipation for the upcoming U.S. presidential election. Memecoins, including X Empire’s, are positioned for potential volatility as the election approaches.
Given Elon Musk’s connection to the project, a Trump victory could fuel further gains, aligning with investor sentiment favoring Musk-related assets. Conversely, a Harris administration might introduce regulatory scrutiny, impacting broader crypto markets.
Moreover, with the election looming, the X token’s trajectory remains in focus as investors brace for potential market shifts.
Token Paints Explosive Rally On Election Day
The X USDT pair painted an impressive 39% rally over the past 24 hours, reaching a daily high near $0.00005 before paring some gains.
XUSD 4-hour price chart with RSI. Source: TradingviewIf the rally continues, the $X price would face resistance near $0.0000509. However, breaking above that particular resistance would put the X Empire token in an excellent position to target the resistance near $0.000055.
Conversely, profit booking could creep in, forcing the token to pare gains and test the support levels near $0.0000437 and $0.000039.
The RSI for the X Empire token remained neutral on the 4-hour chart, with a score of 63.8 on the daily charts.
X Empire’s New Developments Point to Bullish Momentum
X Empire recently announced the development of three applications—Feed, Langs, and Sleep—that aim to enhance user engagement and increase the token’s utility. The apps focus on efficiency and user-friendliness, making the platform more appealing to a broader audience.
The team revealed new app developments exclusively for token holders.The team plans to reserve exclusive features for X Empire token holders, likely driving demand by offering unique incentives to retain and attract users.
Moreover, the recent completion of the $X token claim process represents another strategic milestone. By finalizing token distribution, the team has improved liquidity and broadened its token holder base, which could help the X Empire token prices.
Furthermore, this aspect alone could increase the price of $ X as a wider user base gains access to the token’s exclusive benefits.
These updates collectively indicate a bullish sentiment for X Empire’s token. By focusing on rewarding holders and providing user-centered enhancements, the team aims to push for sustained growth.
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