• At the time of publication, XYO traded at $0. 02176, up around 2.5% in 24-hour intraday trading.

• The coin is currently trading at $0.01 below its initial launch price. 0225, indicating a massive drop here.

• XYO also trades very low in comparison to its ATH which is $0. 0834 that was reported in November 2021.

Data Source: Tradingview

XYO (XYO) – can it recover fully in 2022?

There is no doubt that XYO, (XYO), has the potential for a complete recovery this year. As the year progresses, we expect that sentiment will improve with more gains. We have also seen signs of life for XYO.

After falling to $0.0, it rebounded sharply. 0193 in January, it has rebounded sharply. At the time of writing, the coin was trading at $0.02176. However, it is important to remember that the coin still has a bearish outlook.

It is still way lower compared to its 25- and 50-day exponential moving averages. If indeed the coin can see gains above its 50-day EMA of $0. 0264, then a decisive breakout could in fact follow thereafter.

Is XYO (XYO), a good deal?

The fact that XYO’s price has dropped so much is a sign it might be ready to buy. The coin’s launch price has been lower than it is now. It is now selling at a discounted price. This is a great time to buy if you want to get in.

Besides, XYO recently announced an ecosystem fund of around $20 million that hopes to incentivise developers and bring in new apps. This will increase its long-term value.