Crypto investor Lord Crypto provided an update on xSPECTAR (XSPECT), noting more upside could be in store after last week’s 100% price surge.
As seen in the price chart, XSPECT staged a powerful rally last week before cooling off. However, Lord Crypto points out that key indicators suggest this is just the beginning.
The BMS bands have turned up, indicating bullish momentum is accelerating. Meanwhile, the 50-day moving average is on the verge of a bullish crossover above the 200-day MA.
According to Lord Crypto’s analysis, this all points to an even more powerful leg higher for XSPECT. He attributes this potential surge to a number of factors.
“First, there’s the ongoing “Land grab” on the xSPECTARverse for 50% off. Then there’s the rewards halving for XS Lock.” Lord Crypto notes the timing of these two events is generating much on-chain traffic, with buy pressure forcing the price of $XSPECT to new highs.
After last week’s surge, he believes the stage is set for XSPECT to continue shocking markets with even more exponential upside.
With strong technicals and fundamentals driven by increasing metaverse activity and staking rewards adjustments, Lord Crypto expects new highs lie ahead for XSPECT.
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