XNO Price Prediction: $NANO Skyrockets 31% – Is $10.66 Next?

XNO Price Explodes 31% – Analyst Predicts 780% Surge to $10.66!

XNO Surges 31.36% – A Bullish Breakout in Motion!

The cryptocurrency market is heating up, and XNO (Nano) is making headlines! With a 31.36% surge in the last 24 hours, XNO is showing strong momentum, backed by high trading volume on Binance. This rally has caught the attention of traders, as bullish technical patterns emerge, suggesting further gains.

But how high can XNO go? Analyst Javon Marks predicts a potential 780% upside, targeting $10.663. Let's dive into the market data and technical indicators to see what’s next for XNO.

Short Traders Liquidated as XNO Gains Strength

According to Coinglass data, XNO’s recent surge has resulted in $86.30K in liquidations, with $75.48K from short positions alone. This indicates that bears were caught off guard, forcing liquidations and fueling further price growth.

Typically, high short liquidations suggest that the market is experiencing an aggressive upward move, as traders betting against XNO are forced to buy back at higher prices. This dynamic often leads to sustained bullish momentum, pushing prices even higher.

Open Interest and Volume Surge – A Strong Signal?

Further confirming this bullish momentum, Coinglass reports a 60.29% surge in open interest, reaching $2.10 million. Additionally, trading volume has skyrocketed by 408.35% to $22.61 million, a strong indication of growing market participation and increased liquidity.

When both open interest and trading volume rise together, it signals that new money is entering the market, often supporting a continued uptrend. This aligns with the bullish breakout pattern seen on XNO’s charts.

Technical Analysis: Bullish Falling Wedge Breakout

The 4-hour XNO/USDT chart shows a classic Bullish Falling Wedge pattern, which has already broken out to the upside. This technical pattern typically leads to a strong rally, and if momentum holds, XNO price could soon hit $2.20.

Price Target Calculation:

The height of the wedge is added to the breakout point, leading to an expected short-term price target of $2.20. If bullish momentum continues, higher targets may come into play.

Analyst Prediction: Can XNO Reach $10.66?

Crypto analyst Javon Marks has set an ambitious target of $10.663 for XNO, marking a potential 780% upside from current levels. While this may seem bold, similar price surges have happened in past bull runs when technical breakouts aligned with high market participation.

Factors supporting this prediction:

Strong breakout from bullish technical pattern
Increasing open interest and trading volume
Heavy short liquidations, fueling upward pressure
Growing investor interest in XNO’s fundamental

Final Thoughts: What’s Next for XNO?

With technical indicators flashing bullish, high liquidation of short positions, and a major breakout confirmed, XNO is showing strong potential for further upside.

In the short term, traders should watch for a move toward $2.20, while in the long run, if the momentum continues, $10.66 could be a realistic target.