XDC Price is up 40%; More rally pending?

XDC price prediction suggests a significant rise in the value is possible in the coming months. XDC crypto price was up by 40% in the previous month and displayed a bullish pattern.

XDC price breakout of the 50-day and 200-day EMA shows the trend has reversed in the upward direction. However, the current price has gone far away from the EMA so minor retracement is possible in the coming months.

XDC Network crypto witnessed a massive spike in buying volume and prices also followed the same direction. It shows that some genuine investors might have taken a long position and are expecting outperformance in the coming months.

In the mid of July, the XDC price breakout of $0.014716 triggered positive sentiment. Later, prices began to rise by forming higher candles and rallied 170% in a short period of time.

XDC price is trading at $0.08430 with an intraday decline of -6.81%. The 24-hour volume to market cap is 3.97%. The pair of XDC/BTC is trading at 0.00000291 with an intraday decline of -5.52%.

Will XDC Price continue the rally?

XDC price prediction favors the bulls and suggests outperformance in the coming months. The buyers seem more aggressive as compared to the sellers. The support levels in XDC crypto is shifting higher which shows the dominance of bulls.

Till the XDC price sustained above $0.05000 the probability of continuing the rally will remain high. The positive momentum in the XDC is still intact and no signs of weakness are visible.

However, XDC price has rallied a lot so prices are likely to consolidate for some more time. The technical analysis suggests, XDC price is inside the bullish grip and more upward momentum is possible.

XDC Crypto price bullish on multiple time frame

XDC crypto price is bullish on multiple time frames which further boosts the confidence of investors. If the overall crypto market performs well in the coming months then it might positively impact the prices of other Altcoins.

The MACD curve generated a positive crossover and the histogram bar is rising indicating bullish momentum might continue. The RSI at 80 denotes oversold territory so minor correction is also possible.

Conclusion

XDC price prediction is highly bullish and suggests a rise in the long run. The technical analysis suggests XDC crypto is in bulls’ grip and more upside rally is pending.

However, it has rallied a lot in the previous month so it might consolidate for some time before deciding the next direction.

Technical levels

Resistance levels: $0.10000 and $0.12000
Support levels: $0.06000 and $0.05000

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.