XDC Network

<ul> 
 <li>XDC surges over 93.35% in a month.</li> 
 <li>The trading volume remains low, experiencing a decrease of 26.20%.</li> 
</ul> 
XDC Network, a prominent cryptocurrency ranked among the top 50 by market capitalization, experienced a noteworthy surge of 4.26% within a span of 24 hours. However, it endured a challenging week, with its prices dropping by over 6.06%. Taking a broader view of the month, it exhibited an impressive surge of 93.35%. This <a href="https://thenewscrypto.com/crypto-news-xdc-hits-one-year-high-surges-300/" rel="noopener noreferrer nofollow">upward trajectory</a> commenced on July 20, when the coin was valued at $0.03, as indicated by CoinmarketCap data. 
Despite these positive trends, the current market sentiment has shifted towards bearish pressure, leading to a notable decrease of 26.20% in trading volume. This has prompted caution among investors and impacted the ongoing investigation. XDC Network still lags behind its all-time high of $0.1939 by a significant margin of 67.9%. 
In the midst of an overall crypto market capitalization decline of 1.37%, XDC’s market capitalization has only dipped by 3.74%, resting at $856,158,27. This resilience is attributed to several factors, including its utilization for streetwear guarantees on <a href="https://www.ebay.com/" target="_blank" rel="noopener noreferrer nofollow">eBay</a>, integration with Chainlink’s Oracle network, and a productive partnership with R3 Corda to enhance interoperability. 
Also, the anticipation is in harmony with the token’s escalating value and the project’s sponsorship of WebX 2023 by SBI VC Trade, a Japanese cryptocurrency trading firm. Moreover, with the prospect of additional future sponsorships, there is an expectation that the prevailing bearish trend could potentially weaken. 
<h3 class="wp-block-heading" id="h-where-is-the-xdc-price-headed">Where is the XDC Price Headed?</h3> 
Furthermore, a detailed analysis of XDC’s daily price chart unveils a prevailing <a href="https://thenewscrypto.com/xdc-bull-trend-losing-momentum/" rel="noopener noreferrer nofollow">bearish</a> sentiment. The price has been consolidating, favoring bears. However, the daily Relative Strength Index (RSI)&nbsp; hovers around the neutral zone at a value of 51. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
 <img decoding="async" width="1024" height="487" src="https://thenewscrypto.com/wp-content/uploads/2023/08/XDCUSDT_2023-08-16_17-41-31-1024x487.png" alt="" class="wp-image-80773" srcset="https://thenewscrypto.com/wp-content/uploads/2023/08/XDCUSDT_2023-08-16_17-41-31-1024x487.png 1024w, https://thenewscrypto.com/wp-content/uploads/2023/08/XDCUSDT_2023-08-16_17-41-31-300x143.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/08/XDCUSDT_2023-08-16_17-41-31-768x365.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/08/XDCUSDT_2023-08-16_17-41-31-150x71.png 150w, https://thenewscrypto.com/wp-content/uploads/2023/08/XDCUSDT_2023-08-16_17-41-31.png 1515w" sizes="(max-width: 1024px) 100vw, 1024px"> 
 <figcaption class="wp-element-caption"> XDC Price Chart, Source: <a href="https://www.tradingview.com/chart/EJXIwxE9/?symbol=KUCOIN%3AXDCUSDT" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
 </figcaption> 
 </figure> 
</div> 
 Predicting potential future scenarios. If the ongoing pattern persists, the price of XDC could ascend to resistance levels of $0.07690 and $0.12866. Conversely, if the trend reverses, the price might retreat to support levels of $0.06538 and&nbsp; $0.05673.

XDC Network’s 93% Surge Battles Bearish Undercurrents

Table of Contents

TheNewsCrypto

Other articles published on Aug 16, 2023

CoinDesk Cuts 45% of Its Editorial Staff Amid Sale Rumours

Bitcoin Taproot Upgrade and How Will it Benefit Bitcoin?

FBI Seizes More Ethereum Than Bitcoin – Filing Shows

Github: The Overall Working of the Web-Based Graphical Interface

Dogecoin drama takes legal turn, DigiToads presale wins over whales

Bittrex Global Reaches Successful Settlement with the SEC

Join our free newsletter for daily crypto updates!