XVS continues to be rejected at the $28 zone and over the next few days it could correct to the $22 zone before rallying back to the $28 zone to conquer it and continue towards the $42 zone. However, if it loses the $22 zone, it will fall sharply to the $16 zone or even deeper

📈RED PLAN
🔴Buy : 21.5-22.5$ if A. SL if B 🔴Buy : 27.3-28.7$ if A. SL if B
📉BLUE PLAN
🔴Sell : 27.3-28.7$. SL if A 🔴Sell : 41-43$. SL if A
🟣PURPLE PLAN
🔵Sell : 21.5-22.5$ if B. SL if A 🔵Buy : 15.6-16.4$ if A. SL if B
❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Venus is building a Decentralized Finance (DeFi) money market platform on Binance Smart Chain to enable digital asset lending and generation of synthetic stablecoins backed by a basket of various BEP-20 assets.
  • The project aims to support three core features:
    • Over-collateralized lending where users can borrow assets whose value is 75% or lower than that of the assets supplied.
    • Earn interest by supplying supported collateral assets to the protocol.
    • The ability to mint VAI, the protocol's default synthetic stablecoin pegged to the value of 1 USD.
  • The XVS token is the native BEP-20 governance token of the platform and is primarily used for voting in governance decisions such as product improvements, integration of new collateral, changes in platform parameters, etc.
  • According to the initial platform setting, 79% of the total XVS token supply will be allocated for Ecosystem Mining and be distributed as follows:
    • 35% to the Lending Pool, or to users who receive interest by depositing assets for others to borrow.
    • 35% to the Borrowing Pool, or to users who borrow assets and pay interest to the platform.
    • 30% to the Stablecoin Pool, or to users who mint VAI on the platform.