HomeAltcoinsXDC Network price analysis: XDC token Price corrects down to $0.0615 amid...

XDC Network price analysis: XDC token Price corrects down to $0.0615 amid bearish markets


The XDC Network price analysis shows the bears have been able to suppress the price levels below the $0.0627 level during the latest downtrend. The bears are reigning the price charts as the price has decreased again during the day. Currently, it is settled on the $0.0615 mark and is expected to decrease to an even lower level in the coming hours as well. The bearish momentum is to extend in the future as well as the broader cryptocurrency market is predicting a downtrend.

XDC/USD 1-day price chart: XDC unable to withstand the bearish pressure

The 1-day price chart for XDC Network price analysis shows the price has decreased quite steadily because of the constant increase in bearish momentum. Bears have been able to decrease the price to $0.0615 at the time of writing, and a further decrease is also expected during the approaching hours. The moving average (MA) value is still standing high as compared to the current price, i.e., $0.0626. The SMA 20 curve is going higher as well because of the previous bullish trend.

XDC Network price analysis: XDC token Price corrects down to $0.0615 amid bearish markets
XDC/USD 24-hours price chart. Source: Tradingview

The volatility has increased as well because of the expansion in Bollinger bands. As a result, the upper and lower Bollinger band values have been altered as now the upper value is at $0.0668 while the lower value is at $0.0514; the lower value also represents the support for the XDC price. The Relative Strength Index (RSI) score has decreased but is in the neutral limit and is settling at index 55; however, the downwards curve of the indicator is hinting at the selling pressure in the market.

XDC Network price analysis: Recent developments and further technical indications

The 4-hours XDC Network price analysis is showing signs of bearish activity taking place as the price has decreased to a considerable level. The price is standing on the $0.0615 mark at present and is expected to move even lower in the upcoming time period. However, sins of support are also appearing as a small green candlestick is emerging. Other important indicators in the 4-hours price chart are the Moving Averages (MA) indicator and Bollinger bands indicator, which are at $0.0623 and $0.0627 levels, respectively.

XDC Network price analysis: XDC token Price corrects down to $0.0615 amid bearish markets
XDC/USD 4-hours price chart. Source: Tradingview

The volatility is high in the four-hour chart, which may provide a chance for bulls to uplift the price levels in the future price movement. The upper value of the Bollinger bands Indicator has reached $0.0655 while the lower value has reached $0.0599. The RSI score is moving up again as the buying activity resumed again in the market and has reached index 42.

XDC Network price analysis conclusion

The above 1-day, as well as the 4-hours XDC Network price analysis, confirm that the bears have been maintaining their lead quite successfully for the past few days after the price last peaked at $0.0656. The price has decreased today as well and is standing at the $0.0615 position at the time of writing, and the bearish momentum may intensify in the coming hours.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.


Please enter your comment!
Please enter your name here


NEXO risks 50% drop due to regulatory pressure and investor concerns

Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify. Crypto lending firm Nexo (NEXO)...

Binance launches New Zealand-based offices following regulatory approval

New Zealand lawmakers and regulators largely have not imposed strict guidelines for crypto firms to operate in the country, nor for Kiwis to...

XRP y MKR suben mientras BTC y ETH se mantienen estables a la espera de la inflación de EE. UU.

“Recordemos que, según las proyecciones económicas trimestrales de la Fed, el banco central espera que esta medida de inflación caiga hasta 4,5% para finales...

Bitcoin surges above $20K after 6% BTC rally gains steam ahead of the monthly close

Classic volatility accompanies the final hours of the month, with $20,000 representing the battleground between bulls and bears. Bitcoin (BTC) swiftly climbed above...

Most Popular