Despite increased uncertainty in the crypto space, the XDC Network price maintains a bullish sentiment. Over the past 15 days, the XDC coin price has surged 68%. This article examines the market sentiments and possible price targets for the XDC Network token.
XDC Reaches New Heights: What's Happening?
The XDC Network continues its bullish action, achieving a multi-month high and adding 15% to its valuation in 24 hours. With a market cap of $1.71 billion, it holds the 61st position in the global cryptocurrency market.
The Relative Strength Index (RSI) has breached the overbought range on the daily time frame, supporting a bullish outlook. Additionally, the Simple Moving Average (SMA) consistently backs the price chart, indicating increased buying pressure for XDC.
Forecasts for January 2025
If bullish sentiment intensifies, the XDC price could retest its resistance level at $0.140 and potentially aim for $0.20 if market conditions favor the bulls. Conversely, a bearish reversal might see the XDC price retesting its support level at $0.120, with a possibility of touching $0.100 if momentum is lost.
FAQs about XDC
The ATH of XDC Network is $0.1939, reached on 21st August 2021. Currently, XDC is not available for trading on Coinbase. It's anticipated that the XDC price could surpass $0.20 in 2025 and set a new all-time high.
XDC Network is showing positive momentum despite market instability, leaving room for potential new highs in the near future.
