The XDC token has drawn investor attention due to its recent listing on Binance US, resulting in a significant price increase.
Analysis of XDC Surge
Since yesterday, XDC's price has risen by 8.14%, hitting a peak of $0.1011 before slightly adjusting to $0.09818. The token's market cap stands at $1.6 billion, with a 24-hour trading volume increasing by 69% to $84.77 million.
Support and Resistance Levels
The chart indicates immediate resistance at $0.10195, where the current rally has paused. A clean breakout above this level would lead to the next target at $0.111. Conversely, the first support is at $0.092, aligning with the 20-period SMA. If broken, further support levels can be found at $0.085 and $0.0732.
Frequently Asked Questions
Why is XDC price up today? The price increase is fueled by its Binance listing and LayerZero integration.
Is now a good time to buy XDC? With the RSI near 67, XDC is not yet overbought, but caution is advised near resistance zones.
How low can the XDC price fall? Key support levels are at $0.092, followed by $0.085 and $0.0732.
The recent success of XDC, particularly its price surge following the Binance US listing, highlights its potential. However, investors should remain cautious regarding resistance and support levels.
