- The XDC token price shows a bullish reversal from the $0.86 mark in the daily chart.
- The XDC/BTC pair trades at 0.00000191 BTC with a rise of 15%.
- The 24 -hours volume of the token is $11.9 Million, indicating a 50% rise.
The XDC token price reverses from the support level near the $0.86 mark in the 4-hour daily chart. Thus, an up move to the $0.12 or $0.15 mark is possible. However, the recent higher price rejection in the daily candle questions the uptrend.
The XDC price shows a rising bullish trend as the price breaks above all of the crucial EMAs 20, 50, 100, and 100 in the daily chart. However, the price may struggle to sustain above the EMAs. However, upcoming bullish crossovers can increase the demand.
The token price shows a rising bullish momentum; however, the pivot point indicates resistance levels at the $0.13 and $0.16 mark if the price shows a bull run. Moreover, on the flip side, the support level is at $0.075 after the $0.050 mark.
Can XDC Token Rise To The $0.15 Mark?
As we have already mentioned, the XDC Token price is showing growth in the present bullish reversal. Moreover, the rise in trading volume indicates a rise in underlying bullish sentiments.
As of press time, the token’s price is $0.1078. There has been an increase in value of 12.97% during the past 24 hours. XDC’s intraday trading volume also rose by 50%.
The RSI indicator indicates a rise for underlying bullishness as the slope rises above the 50% mark. The price action is consistent with the slope and heads higher into the “nearly overbought”. The RSI indicator, therefore, gives a buy signal.
MACD indicators show that the MACD indicator is moving above the signal line, which is in a bullish alignment in the daily chart. These lines are located above the centerline. This creates a buy sign.
Conclusion: From a technical perspective, the XDC token price shows a solid reversal in action, evident by the multiple bullish engulfing candlesticks in the daily chart. And, the price action shows higher chances of the price reaching the $0.15 mark in the near future.
Support – $0.075 and $0.050
Resistance – $0.12 and $0.15