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- 1 XDC price prediction suggests the crypto will break the higher range of consolidation and hit a new swing high.
- 2 XDC Network price is stuck in the narrow range of consolidation.
- 3 The trading volume is low and the price behavior is quite stable.
XDC price prediction suggests a sharp rise in the coming months and bulls will return to track.
The prices seem to be stuck in the narrow range between $0.45000 to $0.05779. It formed a strong base and buyers are trying their best to expand the range upward.
The 50-day and 200-day EMA is sloping sideways denoting a lack of direction. However, till the prices hold the 200-day EMA, then bulls will be present and decrease the risk of downside.
At the beginning of November, XDC Network price attempted to break out of the $0.05779 hurdle. However, due to the strong presence of sellers, the prices did not give follow up and faced rejection.
Later, slow and steady XDC crypto price declined and returned back to equilibrium. The trading volume is low and the price behavior is stable. It shows that big players are not active, so the price may continue the consolidation.
Currently, XDC price is trading at $0.04879 with an intraday decline of -0.79%. In the last 24 hours, the change in trading volume is +1.56% and volume to market cap is 1.35%.
Will the XDC Price Show Bounce Back in December?
XDC price prediction says the correction has halted and the time of upward reversal will arrive soon.
The buyers need to snatch the control over sellers sitting at $0.05779. If they succeed, then the price might show a sharp rise toward the $0.07000 level. On the lower side, the $0.04509 level is acting as a savior for bulls.
Till the price trades above it, the buyers will remain active and the probability of showing a bounce will also be high. The technical analysis suggests the consolidation will end soon so investors may look to buy XDC for the long term.
XDC Network Price is Trading Range Bound
XDC Network price is trading range bound and does not display any reliable signs of breakout.
Conservative investors may wait for a $0.05779 breakout to build long positions. However, aggressive investors might take the risk and go long at the current levels.
Both the investors may benefit in the long run but the reward will be more for the aggressive players.
Conclusion
XDC price prediction is bullish for 2024 and suggests a decent rally is possible. However, the price will pick up the momentum when buyers are able to break the $0.05779 hurdle.
The analysis suggests that XDC Network needs the participation of the big players to expand the range upward.
Technical Levels
- Resistance levels: $0.05779 and $0.06719
- Support levels: $0.04509 and $0.04000
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
