XDC Network Soars 68% in 15 Days! Can It Hit $0.20 This Month?
XDC network price remains bullish despite rising uncertainty in the cryptocurrency space. According to reports, XDC coin price has surged 68% in the past 15 days, indicating a significant increase in buying pressure.
Considering the current market sentiment, will the XDC cryptocurrency price maintain the positive price movement and touch the $0.20 mark? In this article, we reveal market sentiment and possible price targets for the XDC Network (XDC) crypto token.
XDC price hits multi-month high!
The XDC network price increased its valuation by approximately 15% in 24 hours, maintaining a bullish trend. And, this year, that number has jumped by more than 68%. It ranks 61st in the global cryptocurrency market with a market capitalization of $1.71 billion.
The relative strength index (RSI) has broken out of the overbought range on the daily time frame. Furthermore, its average trendline supports the positive trend in the XDC Network price chart, highlighting the bullish outlook for the altcoin.
On the other hand, the simple moving average (SMA) continues to support the price chart. This indicates increased buying and oversold pressure on the XDC coin price in the cryptocurrency space.
Will XDC price reach $0.20 in January 2025?
Assuming bullish sentiment intensifies, this could lead to XDC Network price getting ready to retest the $0.140 resistance. Furthermore, if the market continues to favor the bulls at this time, the price of XDC Network could rise towards the $0.20 milestone price.
Conversely, if a bearish reversal occurs, XDC token price may retest the $0.120 support. Notably, if the bulls fail to regain momentum at this point, it could lead to a retest of the lower support at $0.100 this month.
Find possible answers to questions like “Will XDC hit $1?” Read CoinPedia’s XDC network price prediction!
FAQ
The ATH of the XDC network is $0.1939, achieved on August 21, 2021.
No, the XDC crypto token is currently not available for trading on the Coinbase cryptocurrency exchange.
Considering the current market sentiment, the XDC token price may break through the $0.20 mark and hit an all-time high this year.
