In the cryptocurrency market today, the $XION token — the native utility and governance asset of the XION blockchain, a Layer-1 network built to accelerate mainstream Web3 adoption — has grabbed major attention. The token exploded nearly 200% following a major exchange listing, and now a developing structure on the chart may offer clues on what comes next for the token.
Bithumb Listed XION
The sharp surge in XION’s price comes immediately after Bithumb, one of South Korea’s largest regulated exchanges with more than 8 million users, officially listed the $XION token in the KRW market pair today. The listing sparked a massive spike in activity, pushing XION’s 24-hour trading volume up by 618.92%, fueling strong speculation and momentum across the market.
Can This Pattern Trigger Further Gains?
On the daily chart, XION appears to be forming a three-phase structure that aligns with the Power of 3 (PO3) model — a popular framework that maps out manipulation, accumulation, and expansion phases before a stronger trend move.
After dipping into the manipulation zone, XION bounced sharply and has now reclaimed the accumulation range low at $0.86, which also aligns with a reclaim of the 200-day moving average. This level has now flipped into support, strengthening the bullish outlook as long as buyers defend it.
XION is currently trading above this zone, and maintaining support here could allow the expansion phase to continue. The next major resistance sits at $1.7278, the range high marked on the chart. A clean reclaim of this level would expose the next technical target near $3.11, matching the projected expansion zone.
However, it’s important to note that listing-driven pumps often retrace quickly. A failure to hold both the 200-day MA and the $0.86 support would invalidate the current bullish structure and put XION back into its previous range.