Despite increased uncertainty in the crypto space, the XDC Network price has maintained its bullish sentiment. Reportedly, the XDC coin price has surged 68% over the last 15 days, indicating a significant rise in the buying pressure.
Considering the present market sentiments, will XDC crypto price maintain positive price action and hit the $0.20 mark? In this article, we have uncovered the market sentiments and possible price targets of the XDC Network (XDC) crypto token.
XDC Price Records Multi-month High!
This XDC Network price has maintained its bullish action by adding ~15% to its valuation in 24 hours. Moreover, it has jumped over 68% this year. With a market cap of $1.71 billion, it has secured the 61st position in the global cryptocurrency market.
The Relative Strength Index (RSI) has breached the overbought range in the daily time frame. Moreover, its average trendline supports the positive trend in the XDC Network price chart, highlighting a bullish outlook for the altcoin.
On the other hand, the Simple Moving Average (SMA) constantly supports the price chart. This suggests an increase in the buying-over-selling pressure for the XDC coin price in the cryptocurrency space.
Will XDC Price Hit $0.20 This January 2025?
Suppose, the bullish sentiment intensifies, this could result in the XDC Network price preparing to retest its resistance level of $0.140. Further, if the market continues favoring the bulls at that point, the price of XDC Network could head toward its milestone price of $0.20.
Conversely, if a bearish reversal occurs, the XDC coin price could retest its support level of $0.120. Notably, if the bulls fail to regain momentum at that point, this could result in it retesting its lower support level of $0.100 this month.
To find possible answers to questions like “Will XDC reach $1?” Read CoinPedia’s XDC Network Price Prediction!
FAQs
The ATH of XDC Network is $0.1939 and was achieved on 21st August 2021.
No, the XDC crypto token is currently not available for trading on the Coinbase cryptocurrency exchange.
Considering the present market sentiments, the XDC coin price could surpass the $0.20 mark and achieve a new all-time high this year.
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