1 XDC Price Prediction (BITFINEX: XDC) shows the price is consolidating and the CMP level might turn new supply zone. 2 The XDC coin price increased by 61.40% over the past week. 3 At press time, XDC is trading at $0.05544, and the 52-week price range is $0.02566 – $0.06167. XDC ...
- 1 XDC Price Prediction (BITFINEX: XDC) shows the price is consolidating and the CMP level might turn new supply zone.
- 2 The XDC coin price increased by 61.40% over the past week.
- 3 At press time, XDC is trading at $0.05544, and the 52-week price range is $0.02566 – $0.06167.
XDC Network is an enterprise-grade, open-source, and EVM-compatible blockchain protocol that supports smart contracts, protocols, and cross-chain transfers. It aims to revolutionize trade finance by enabling the tokenization of assets and instruments. It has impressive speed, scalability, low fees, and military-grade security. It is part of a global consortium of financial institutions and service providers. It also has a vision to solve real-world problems with a trustless and transparent ledger.
The maximum market cap of XDC Network (XDC) is $2,097,315,490, assuming that all 38 Billion XDC tokens are already in circulation. This is a theoretical value that is calculated by the crypto data and information website Coingecko. However, the actual number of XDC tokens may vary depending on the emission schedule of the project. Therefore, it may take several years before the maximum market cap is reached.
XDC crypto plummeted 8.22% in market value and by 25.47% in trading volume in the last 24 hours, per Coinmarketcap which is a crypto data and info website. Its market value is $766,844,745 and its trading volume is $15,499,793. There are 13,852,262,923 XDC in circulation.
Moreover, the XDC coin has shown good performance this month, as it is up by 70.43 % and by 90.98% in the past six months. Also, the year-to-date return of XDC price is positive with a 118.71% incline.
XDC Price Technical Analysis in 1-D Timeframe
The XDC coin price (BITFINEX: XDC) broke out of a falling wedge pattern and rose sharply by around 95% in two weeks. At the time of publishing, the XDC Price is trading at $0.05544 and is in a consolidation phase for the last few days. This may indicate that the current market price level might be a supply zone for the XDC coin.
Therefore, if the XDC price sustains the CMP level, then it may go upwards and reach the targets of $0.06359 and $0.07544.
Alternatively, if the XDC price faces rejection from the CMP level and falls, then it may reach the nearest support levels of $0.03778 and $0.03038.
XDC crypto price (XDC) is above the 20, 50, 100, and 200-day EMA’s (exponential moving average). The EMA is acting as support, pushing the price trend up. Therefore, XDC Price Prediction suggests that the XDC coin price could fall if sellers push the price more the coin price might drag the price downwards.
The MACD line at 0.005674 and the signal line at 0.003401 are above the zero line and a bullish crossover is observed in the MACD oscillator. The current value of the RSI is 77.42 points, and the 14 SMA is at 68.01 points, the RSI line turned the coin direction and is about to cross the 14 SMA line soon. Hence, the XDC price prediction suggests the coin price is bearish as the RSI indicates the coin is in an extremely overbought zone.
Conclusion
The XDC coin chart shows investors are indecisive regarding the coin in the 1-D time frame. The price action shows a consolidation phase at the time of publishing. Technical parameters of XDC coin price (BITFINEX: XDC) also indicate consolidation to bearish views.
Technical Levels:
- Support levels: The nearest support levels are $0.03778 and $0.03038.
- Resistance levels: The nearest resistance levels are $0.06359 and $0.07544.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.