XDC Network

Show

Million

Resistance

Momentum

<ul class="list-ic vertical">
 <li><span>1</span> <a>XDC Network price surged 0.01% today and currently trades at $0.4971.</a></li>
 <li><span>2</span> <a>XDC crypto price bounced back from the 200-day EMA.&nbsp;&nbsp;</a></li>
 <li><span>3</span> <a>The XDC crypto price is in a correction phase and suffers selling pressure from the upper levels.&nbsp;</a></li>
</ul>
<p>XDC Network price is up slightly 0.01% in the past 24 hours and currently trades at $0.4971. The XDC crypto price bounced back from the 200-day EMA and currently hovers near the 50-day EMA.<br><br>Furthermore, the price trend analysis illustrates that the XDC price is in a short-term correction phase after a price surge. The XDC Network price experienced a surge in mid-July and gained over 180% in a very short span of less than 20 sessions.<br><br>The short-term surge might have triggered a profit booking among the short-term investors and the price declined. Thereafter, the price continued forming bearish price action.&nbsp;</p>
<p>The volume analysis shows that the XDC Network crypto price has a trading volume of $5.82 Million in the past 24 hours which is 72.35% more than the last day. The XDC crypto has a market cap of $689.5 Million and ranks 56th in the crypto market. The volume-to-market-cap ratio is 0.45%; indicating very low volatility in the market.</p>
<h2 class="wp-block-heading" id="strong-xdc-network-price-bounced-back-from-200-ema-strong"><strong>XDC Network Price Bounced Back From 200-EMA</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-745-1024x478.png" alt="XDC Network Price Bounces From 200 EMA, Can it Resume Bullishness?" class="wp-image-178199" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-745-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-745-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-745-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-745-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-745-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-745-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-745.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: XDC/USD By TradingView
  </figcaption>
 </figure>
</div>
<p>Recently, the <a href="https://www.thecoinrepublic.com/2023/10/21/theta-price-close-to-demand-zone-will-bulls-attain-a-bounce/" target="_blank" rel="noopener noreferrer nofollow">XDC Network price</a> took a rebound from the 200-day EMA and currently struggling to break above the 50-day EMA. The XDC crypto price has a recent resistance at $0.053 above which the crypto price may again turn optimistic and resume its long-term trend.<br><br>However, the price may correct more and continue to decline with the same momentum. The volume is rising but not enough to counter the selling pressure at the moment. The bulls need to accumulate more buying volume and surge the price higher.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-technical-indicators-show-bulls-regaining-momentum-strong"><strong>Technical Indicators Show Bulls Regaining Momentum</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-746.png" alt="XDC Network Price Bounces From 200 EMA, Can it Resume Bullishness?" class="wp-image-178201" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-746.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-746-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-746-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-746-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-746-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-746-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-746-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: XDC/USD By TradingView
  </figcaption>
 </figure>
</div>
<p>At press time, the RSI line is showing a positive crossover of the SMA line. The RSI line is above the mean line indicating bulls regaining in the short term. The current RSI value is 54.2 and that of the SMA line is 45.64.&nbsp;&nbsp;</p>
<p>The EMA analysis shows that the XDC price rebounded from the 200-day EMA indicating the presence of buyers at the lower levels.&nbsp;&nbsp;&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>XDC Network price is slightly up and trades at $0.4971. The price rebounded from the 200-day EMA and struggled to break above the 50-day EMA. The price surged 180% in July and is currently in a correction phase. The volume is low and the market cap is at $689.5 Million.&nbsp;</p>
<p>The price has a resistance at $0.053 and needs more volume to break it. The price may decline more if it fails to cross the EMA. The price is in a short-term correction phase.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $0.045 and $0.040</li>
 <li><strong>Resistance Levels:</strong> $0.053 and $0.059</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

XDC Network Price Bounces From 200 EMA, Can it Resume Bullishness?

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