xdc bullishWill XDC Crypto Price Fly Higher And Hit $0.06000 Mark?
The XDC price has experienced an upward trend, starting from a demand zone of $0.03000 and reaching a major supply level of $0.09300 by August 2023. However, the price failed to maintain its high level and started to decline, reaching a support level by the end of February 2024.
However, the XDC Network crypto has revealed a sign of recovery as the price spiked from a crucial level of around $0.03977 on the chart.
Now, it appears like, the crypto token is set for a colossal surge, as it gears up to crack the XDC resistance level and rocket to new zeniths.
Similarly, the XDC asset is displaying bullish strength and rising capacity as it maintains above major 20, and 50-day EMA's. In the same way, the asset is displaying bullish behavior as MACD is above the zero line at 0.001180, the signal line is at 0.00052, and the histogram is at 0.00065. These metrics show a bullish cross development in the indicator, portraying bullish gestures.
likewise, the RSI is not near the 70 level yet and has been above the 14-SMA at 59.07, meaning that the XDC asset is not facing much resistance and carries the capacity to extend its gains.
Over deep study, The price of the asset is displaying bullish signs, with TVL, MCAP, and volatility suggesting potential for further growth. Even, it has performed well in the past week by 4.00%, and month by 10.02%, indicating the beginning of a possible strong uptrend.
At press time, the crypto is experiencing a decline of 2.90% in the last 24 hours, trading at $0.04778. Therefore, if the demand for the XDC token surges abruptly, the asset price could continue advancing from the current level. Then the next goal for the price could be to reach $0.06000 and in between the resistance would be $0.05350.
However, if the crypto price fails to stay above the $0.03977 level, it could continue to decline further as well.
