XAN current price sitting at 0.04049—down a brutal 7.54% after getting smacked down from that 0.05500–0.06000 resistance cluster. Looking at the 4-hour timeframe, bears are clearly gaining control here.

Two scenarios playing out: either we get a quick dump straight down, or price makes one last swing back up to retest that resistance zone before rolling over. Either way, downside pressure is mounting.

Technicals aren't helping bulls right now. RSI starting to curl downward, MACD losing steam. Not the kind of setup you want to see if you're long.