- XDC Token price rises after it retests the bullish breakout of an inverted head and shoulder pattern.
- The token price exceeds all the critical EMAs showcasing a bullish trend in action.
- The XDC/BTC token pair is trading at 0.000003315 BTC with an intraday boost of +8.14%.
After finding demand at $0.074, XDC Token’s prices soared 90% in the past month. The coin price also broke through the resistance of all the crucial EMAs. It is now trading above all other significant EMAs while they rise higher after attaining the bullish alignment.
After retesting the breakout of the bullish pattern, the XDC coins are rising higher thanks to a boom in buying. The buying volume is just above the 20-day exponential, which suggests an increase in bullish sentiment.
The token price trades significantly higher than the 20-day EMA. There is a significant gap projecting a solid bullish rally. The bullish alignment of the remaining EMAs continues to provide bullish support.
The market cap has increased by +7.25% over the last 24hrs as the XDC token trades at $0.151. The coin ranks among the top 100 most traded cryptocurrencies and has seen an increase of more than 36% in intraday trading volume.
XDC Token Price Rises Higher
XDC coin price has advanced above the long resistance zone with a solid bullish backup. The price faces higher price rejection as it forms struggles to break above the previous trend high; nonetheless, the price action projects an uptrend as a bullish follow-through candle forms.
As buyers continue to grow, the crypto asset price may soon test resistance at $0.171. As a result, investors may see the price rise above shortly.
In the unlikely instance of retest fallout, however, the levels at $0.095 & $0.074 support any further downfall.
The RSI spike is reaching the overbought region and rising higher, indicating some underlying bullishness.
As ADX rises higher, the ADX indicator shows strong trend momentum.
Conclusion – The XDC Token price may soon touch the $0.171 mark implied by the bullish technical indicators. The buying pressure lured a lot of investors into entering early. As for Smart Investors, the following buying opportunity is at the retest of the breakout of $0.171.
Support – $0.095 and $0.074
Resistance- $0.171 and $0.20