X Empire Price ($X) Touches New ATH, Will It Keep Rising?

Bittime - The X Empire token ($X) recorded a remarkable feat by hitting an all-time high (ATH) of $0.0002165 (approximately $3.38). This was a highlight for investors, especially after the token experienced a prolonged downward trend since its launch in late October. 

This price increase is raising new hopes among the crypto community—could this be the start of a sustainable upward trend? This article will review what is driving the increase in the price of X Empire and the prospects for its future movement.

How X Empire Price Reached ATH?

X Empire launched on October 24 to high expectations. In fact, many investors hope that this token can reach the price of $1. 

However, after being launched, this token fell to its lowest point of $0.00003315 (around IDR 0.52) on November 3. This causes disappointment for token holders. 

This downward trend occurred during the first 11 days since launch due to high volatility and negative reactions to the allocation and airdrop process which were considered unsatisfactory.

However, after experiencing a slump, X Empire managed to reverse the trend by recording an increase of almost 350% in the last week. This sharp rise took the token to a new ATH of $0.0002165 (around Rp. 3.38) and maintained the value at around $0.0001962 (around Rp. 3.06). 

Trading volume also jumped 230% to reach $477.52 million (around IDR 7.45 trillion), indicating that interest in this token is experiencing a resurgence.

Read also: X Empire Airdrop Launch: Rollercoaster Prices and Controversy

One of the main triggers for this price increase was the launch of the staking feature by KuCoin, which offers an annual return of 4% for X Empire users. 

Listings on various well-known exchanges have also increased demand, and support from the results of the recent US election, in which Trump was re-elected, has had a positive impact on the crypto market as a whole.

The Influence of Elon Musk and Trump's Sentiments on the Rise of the X Empire

It is believed that Trump's election for a second term in office in the US will strengthen Elon Musk's position in government. Especially, regarding his vision to create a “Department of Government Efficiency” or abbreviated as D.O.G.E. 

This sentiment created new expectations among market players that Musk's involvement in governance could increase the popularity of the tokens associated with him, including X Empire. With the support of a figure as big as Musk, many investors see great opportunities for the future development of X Empire.

Will X Empire Price Continue to Rise?

Seeing that the crypto market is still in a bullish trend and the encouragement of investor sentiment, X Empire has the potential to continue to rise. Some technical analysis shows that the chart pattern that is forming leads to a breakout. 

Especially, after X Empire broke out of the “falling wedge” pattern—a reversal pattern that is generally bullish. In addition, technical indicators such as the Relative Strength Index (RSI) are still in the neutral zone at 74.84, signaling the potential for a continuation of the uptrend.

Additionally, the simple and exponential moving average and Momentum indicators also confirm the chances of this positive trend continuing. If the token manages to break through the resistance level at $0.0002241 (around Rp. 3.49), the price of X Empire has the potential to continue its significant increase.

KuCoin's Role in Supporting the Price of X Empire

On November 6, KuCoin launched a new feature that allows users to stake X Empire tokens, with an annual return (APY) of 4%. 

This feature caught the attention of investors and was a big boost for X Empire. Considering that KuCoin is one of the largest crypto exchanges with more than 34 million active users. 

With the addition of several other well-known exchanges such as Bybit, OKX, and Bitget which have provided this token, X Empire now has high liquidity. If this momentum continues, X Empire could possibly attract attention from Binance, the world's largest exchange.

Can X Empire Still Rise?

Although technical indicators suggest that the bullish trend could continue, there are risks that investors need to be aware of. X Empire experienced a sharp decline after launch, and potential profit-taking could trigger a price correction in the future. 

However, if the price is able to maintain support at the level of $0.000066 (around IDR 1.03) and avoids the "double top" pattern which could be a bearish signal, this token could rise again to the next key resistance level at $0.00015 (around IDR 2.34 ), which means an additional increase of about 106% from the current position.

Read also: X Empire Token Price Prediction 2025, How will it Perform?

Conclusion

The price of X Empire touching the new ATH is a positive signal for investors who have been expecting a significant increase from this token. Supported by sentiment from Elon Musk, the US election, as well as support from large crypto exchanges such as KuCoin, X Empire is now in upward momentum. 

However, as with any crypto investment, high volatility remains a risk that must be taken into account. For interested investors, understanding market conditions and technical trends can be the key to making wiser investment decisions amidst this market euphoria.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.