XDC price prediction shows the slippage of XDC crypto through an interesting declining pattern over the daily time frame chart. However, at present, XDC crypto is near the upper trendline of the falling wedge pattern and may register its breakout. XDC cryptocurrency needs to accumulate buyers in order to register its breakout from the falling wedge pattern.
XDC has been falling through the falling wedge pattern since August 2023 and is currently looking to break out from the declining pattern. Now, buyers need to accumulate at a higher rate in order to push XDC ahead.
XDC price was at $0.04691500 and gained around 0.40% of its market capitalization intraday. Trading volume increased by 20.75% intraday trading session. This shows that buyers are trying to accumulate to push XDC up. Volume to market cap ratio was at 1.80%.
Will XDC Price Break Out of This Pattern?
XDC price prediction indicates the fall of XDC crypto through the falling wedge pattern. Buyers need to come forward for the rescue of XDC crypto during the day’s trading session. XDC crypto is trying to sustain above 200-days DMA to reach the 20, 50 and 100-days daily moving averages.
XDC crypto declined by 2.10% in a week and 12.40% in a month. Nevertheless, XDC gained around 23.94% in the last three months and 12.33% in the last six months. Moreover, XDC crypto surges around 85.08% year to date. This confirms that XDC gained excellently during 2023.
Technical indicators show the sustainability of XDC crypto inside the falling wedge pattern. Relative strength index highlights the upside trend of XDC crypto. RSI was at 39 and is heading towards neutrality to be overbought. Investors in XDC cryptocurrency need to wait until XDC crypto sustains at the upper trendline of the falling wedge pattern.
Summary
XDC price prediction highlights the slippage of XDC crypto through an interesting declining pattern over the daily time frame chart. However, volume change is below average which signifies the lower accumulation of buyers and needs to grow during the intraday trading session. Moreover, XDC crypto surges around 85.08% year to date. Technical indicators show the sustainability of XDC crypto inside the falling wedge pattern. Investors in XDC cryptocurrency need to wait until XDC crypto sustains at the upper trendline of the falling wedge pattern.
Technical Levels
Support Levels: $0.04599994 and $0.04537877
Resistance Levels: $0.04997549 and $0.05351620
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/10/19/xdc-price-prediction-xdc-gained-85-year-to-date-whats-next/