OXO Network

<p>Veteran crypto trader Johnny (@CryptoGodJohn) <a href="https://twitter.com/CryptoGodJohn/status/1710712006398115985?t=P3NzqT5L4Y3ktA4GoBC41A&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">believes</a> the stage is set for 0X0 Network (0X0) to see significant upside in the near future. In a recent Twitter thread, Johnny laid out several reasons why 0X0 looks positioned for a major breakout.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="974" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-181-974x1024.png" alt="" class="wp-image-351213" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-181-974x1024.png 974w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-181-285x300.png 285w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-181-768x807.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-181-1461x1536.png 1461w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-181-1948x2048.png 1948w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-181-143x150.png 143w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-181-100x105.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-181-333x350.png 333w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-181-788x828.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-181.png 856w" sizes="(max-width: 974px) 100vw, 974px">
</figure>
<h2 class="wp-block-heading" id="breaking-out-after-lengthy-consolidation">Breaking Out After Lengthy Consolidation</h2>
<p>First, Johnny points out that 0X0 is breaking out from a lengthy 150-day trading range it has been stuck in. This extended period of consolidation has allowed the price to establish a solid base and has tightened the trading range, setting the crypto up well technically for a high-probability rally.</p>
<p>With 0X0 already starting its leg up towards the $.20 level according to Johnny, follow-through and continuation of this emerging uptrend seem likely. From a technical perspective, 0X0 has the requisite pattern and indicators flashing green for substantial additional gains.</p>
<h2 class="wp-block-heading" id="catalysts-on-chain-metrics-confirming-bullish-bias">Catalysts + On-Chain Metrics Confirming Bullish Bias</h2>
<p>In addition to its constructive price action, Johnny notes there are fundamental catalysts on the horizon that could turbocharge 0X0’s rally. Over the next few weeks and months, major developments for the network are expected to drive further adoption and visibility.</p>
<p>Furthermore, Johnny points out that on-chain metrics for 0X0 are painting an extremely bullish picture. Leading indicators like transaction volumes, active addresses, developer activity, and other network growth metrics all suggest considerable upside potential as 0X0 gathers momentum after its consolidation.</p>
<h2 class="wp-block-heading" id="conclusion-keep-0x0-on-your-breakout-watchlist">Conclusion: Keep 0X0 on Your Breakout Watchlist</h2>
<p>In summary, as Johnny concludes, both technical and fundamental factors appear aligned for 0X0 Network to see significant gains as it breaks out from its multi-month trading range. With the first leg up underway and further upside expected, crypto investors and traders may want to keep 0X0 on their watchlists as this promising setup continues developing. The emerging uptrend shows no signs of slowing down yet.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eTor Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/on-chain-data-favorable-as-oxo-network-oxo-breaks-150-day-price-range-experts-predict-0-20-next/">On-Chain Data Favorable as OXO Network (OXO) Breaks 150-Day Price Range: Experts Predict $0.20 Next</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

On-Chain Data Favorable as OXO Network (OXO) Breaks 150-Day Price Range: Experts Predict $0.20 Next

Table of Contents

CaptainAltcoin

Other articles published on Oct 8, 2023

Casper (CSPR) Appears to Have Bottomed: Indicator Points to a 40% Rally – Expert

Weekly Round-Up #70 | CBDCs: Striking a Balance Between Control and Freedom ⛓️ 💸

Roblox Stock Formed Double Bottom; RBLX Stock Turning Bullish?

Stars Arena secures funding to plug $3M shortfall following exploit, will reopen after security a...

Ethereum 2.0 Upgrade has Brought more Centralization to the Blockchain

Renowned Investor Charlie Munger Shares Views on AI and Bitcoin

Join our free newsletter for daily crypto updates!