crypto.news 2025-05-29 09:53:10

Gaming token XTER rallies 15% on Bithumb listing, poised for 30% recovery if momentum builds

Xterio surged 15% today, breaking out of the tight consolidation range after 40% dip a week ago, fueled by renewed momentum from the listing on South Korea’s Bithumb exchange. Xterio ( XTER ) is up 15% today, currently trading at $0.26, buoyed by its recent listing on Bithumb . The surge marks a decisive breakout from the recent consolidation zone around $0.22–$0.23, which had formed following a steep 40%+ crash from $0.35 – $0.38 level, triggered by heavy two-day selling pressure on May 19–20. The price just tested the $0.30 level — a key horizontal support-turned-resistance — at its intraday peak and is now hovering around EMA 20 around $0.27, which is acting as dynamic resistance. A decisive break above $0.27, followed by a move past $0.30, could open the path for a potential rally back towards the $0.35 level and beyond. The RSI is currently at 44 and tracking upwards, indicating strengthening bullish momentum. On the MACD, bearish momentum has eased, as shown by the declining red histogram bars. While bullish momentum is yet to materialize, with the MACD line still below the signal line, a bullish MACD crossover appears to be imminent. Overall, the setup looks promising, but the move is in its early stage. Bulls need to push past $0.30 for continuation toward $0.35 and higher. Until that level is clearly breached, the current surge could still be a relief rally within a broader corrective phase. Source: TradingView You might also like: MEXC unveils first-ever Launchpool project with Xterio, featuring airdrop+ rewards Xterio is a Switzerland-based web3 gaming platform that blends free-to-play mechanics with blockchain-powered ownership, allowing players to earn NFTs and other digital assets through gameplay. Backed by Binance Labs, which invested $15 million into the project in July 2023, Xterio’s founding team includes veterans from Ubisoft, FunPlus, and NetEase. The the project had previously raised $40 million in August 2022 from investors like FunPlus, XPLA, and FTX Ventures. In January 2025, Xterio became MEXC’s first-ever Launchpool project, kicking off with staking rewards and airdrops before listing on the exchange on January 8. Since then, the token has expanded its presence across other major exchanges, including Bybit , Bitget, KuCoin, BingX, HTX, and now Bithumb. You might also like: Binance Labs invests $15m in web3 startup Xterio to boost AI