The XDC Network token is seeing significant price movement, showing increased market interest. Its price rose by 9.53% in the last 24 hours, and trading volume increased by 18.33%. This aligns with recent developments in the XDC ecosystem.
Current XDC Market Rise
XDC Network has shown an upward trend following a lengthy consolidation phase in 2024. After months of trading within a set range, the token surged in September, marking higher highs and lows.
Chart Analysis and Technical Indicators
The XDC price is trading within a rising wedge, often associated with potential bearish reversals. The upper resistance levels near $0.20-$0.22 and support at $0.013-$0.02 serve as key levels. The RSI indicator, at 58.31, suggests bullish momentum may continue but caution is advised as momentum shows signs of slowing.
Enhanced Accessibility and New Partnerships
XDC Network's announcement about integration with DEXTools enhances the ecosystem's accessibility and visibility. This represents a strategic move to strengthen the network’s presence in the Web3 space. The partnership with eTEU aims to address inefficiencies in trade finance using blockchain technology.
As XDC trades near the apex of the rising wedge, traders are monitoring for breakout or breakdown scenarios. The DEXTools integration and eTEU partnership strengthen the XDC ecosystem, which may influence future price dynamics.
