- XDC faces strong resistance at $0.051, limiting short-term bullish momentum.
- Support near $0.045 and $0.046 is critical for potential downtrend continuation.
- Key Fibonacci levels and OBV trends indicate possible breakout or bearish continuation.
XDC Network — XDC, recently faced resistance at the $0.051 mark, leaving traders cautious. The token has stalled below this level, showing signs of short-term consolidation rather than a clear downtrend. Bitcoin’s rejection at $90,000 failed to spark buying pressure in XDC, leaving the altcoin confined between $0.045 and $0.051. Traders now watch these levels closely, as a breakout or breakdown could define the next major price move.
Has the Downtrend Stalled?
The daily chart shows a persistent bearish structure. XDC made a new lower low on December 14, confirming short-term weakness. Since then, the token has failed to break lower, suggesting the downtrend may have temporarily stalled. A drop below $0.046 could resume the bearish momentum, while a rally above $0.0518 might shift the trend toward bullish territory.
After facing rejection on December 20, XDC dropped nearly 10 percent to test $0.046. This reinforced the importance of the $0.045 to $0.051 swing range. Traders now see these levels as critical points for either bearish continuation or a potential bullish reversal. With Bitcoin showing limited influence, XDC seems reliant on its own momentum and trading volume.
The current consolidation phase indicates indecision among buyers and sellers. The token’s inability to surpass $0.051 shows that short-term supply remains strong. Meanwhile, any bounce is likely to face resistance at key Fibonacci retracement levels. The 50 percent retracement has already acted as a barrier, halting XDC’s upward attempts and limiting gains for bulls.
Mapping the Possible Bullish Route
Traders can monitor Fibonacci levels to gauge potential bullish movement. Resistance around $0.0489, $0.0496, and $0.0506 can prevent further upside if buying pressure fades. The swing high at $0.0518 remains the critical threshold to invalidate bearish setups. On the H4 chart, the OBV trend shows rising buying pressure, suggesting that a bullish structure shift is possible if momentum continues.
Short position traders should also keep an eye on bearish targets. Levels near $0.0446 and $0.0424 are key for potential continuation trades. Breaking below these points could lead to stronger selling and reinforce the daily downtrend. Conversely, any decisive move above $0.0518 would likely invalidate short positions and attract buyers back into the market.
Overall, XDC is trading in a tight range between $0.045 and $0.051. This swing zone is critical for traders planning entries and exits. Rising volume and OBV trends indicate momentum is slowly building, but resistance at key retracement points remains a challenge. Both bullish and bearish traders should watch these levels closely for decisive moves that could define the next phase in XDC’s price action.
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