- XDC Token price rises after retracing back to the strong support zone.
- Daily EMAs rise higher in a bullish formation casting solid underlying bullish sentiments.
- The XDC/BTC is trading at 0.000002911 BTC with an intraday boost of +5.14%.
After finding supply at $0.18, XDC Token price retraces back to the solid demand zone near the $0.12 mark. The coin price also broke through the support of the $0.14 mark.
After retesting the demand zone near the $0.12 mark, the XDC coins rise higher thanks to a boom in buying pressure. The buying volume is just beyond the 20-day moving average, which implies an improvement in bullish predilection.
The token price soars higher than the 20-day EMA. There is a significant chasm between the price and 200-days EMA, projecting a solid bullish rally. The bullish arrangement of the daily EMAs continues to provide bullish support.
The market capitalization has increased by 11.57% over the last 24hrs as the XDC token trades at $0.1446. XDC ranks among the top 100 most traded cryptocurrencies and has seen an increase of more than 110% in intraday trading volume.
XDC Token Price Rises Higher
XDC token price has advanced above the long resistance trendline with a solid bullish price jump. The price retest the trendline as it retraces back to the 100-period EMA close to the trendline.
As buyers continue to line up, the crypto asset price may soon test the resistance level at $0.171. As a result, investors may see the price increase soon.
In the strange situation of retest fallout, the levels at $0.095 & $0.074 may support the prices in downfall.
The RSI spike is approaching the overbought territory and rising higher, indicating a rise in underlying bullishness.
As ADX climbs higher, the ADX indicator displays significant 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.
Support – $0.095 and $0.074
Resistance- $0.171 and $0.20