XDC Network has drawn investor attention with a sharp rally fueled by its recent listing on Binance US. The price is up 8.14% since yesterday, reaching a high of $0.1011 before cooling slightly to $0.09818. With a market cap of $1.6 billion and 24-hour trading volume surging 69% to $84.77 million, this mid-cap token seems to be back in the game. Join me as I give you the potential entry and exit zones for XDC.
XDC Price Analysis
Looking at the chart, the immediate resistance sits at $0.10195, where the current rally has taken a pause. A clean breakout above this level would open the gates to the next pitstop at $0.111, which marks the next bullish target.
Contrarily, on the downside, the first support is at $0.092, which aligns with the 20-period SMA and acts as the nearest safety net. If that breaks, further cushions for XDC price are present at $0.085 and $0.0732, which coincide with the broader uptrend base.
Coming to indicators, the RSI stands at 66.70, not yet overbought but approaching the threshold. This suggests strong buying interest with a mild risk of short-term consolidation. On the other hand, Bollinger Bands are widening with price hugging the upper band, reinforcing bullish momentum but also hinting at volatility.
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FAQs
Why is XDC price up today?
Binance listing and LayerZero integration has fueled XDC price today.
Is now a good time to buy XDC?
With RSI near 67, XDC isn’t overbought yet, but caution is warranted near resistance zones.
How low can the XDC price fall?
The key supports lie at $0.092, followed by $0.085 and $0.0732.
