XDC Technical Analysis: Buyers Bring Reversal Within Falling Channel 

Table of contents

  1. Past Performance of XDC
  2. XDC Technical Analysis 
  3. Upcoming Trend

XDC coin price shows the bullish reversal from the support trendline struggling to rise above the 50-day EMA as the market recovers. 

Key technical points:

The uptrend struggles at 50-day EMA.The Stochastic RSI gives an untimely bullish crossover.The 24-hour trading volume in the XinFin Token is $13 Million, marking a 45% rise. 

Past Performance of XDC

XDC coin price action shows a long-coming falling channel in the daily chart. The altcoin’s bullish rise from the descending support trendline challenges the 50-day EMA. The breakout of the dynamic barrier will result in a price jump to the resistance confluence of the 200-day EMA and the resistance trendline. 

TradingView Chart

Source-Tradingview

XDC Technical Analysis 

XDC coin price shows a 3.45% decline from the confluence of the 50-day EMA and the crucial emotional barrier at $0.055, vandalizing the bullish renewal and increasing the chances of fallout. 

The paramount 50 and 200-day EMAs maintain a falling trend after the recent death cross remains higher than the market price. The 50-day EMA provides an emotional barrier with the 200-day EMA moving along with the resistance trendline.

RSI Indicator: The RSI slope spikes above the 50% mark after showing a sideways move along the oversold zone with the 14-day SMA. However, it must sustain in the nearly overbought zone to give a solid bullish signal. 

Stochastic RSI Indicator: The sharp rise in the K-Line with the following D-line after the recent premature end of the bear cycle reflects the bullish sneak attack. The rising strings may shortly enter the overbought zone.

In a nutshell, XDC technical analysis projects a buying opportunity at the 50-day EMA breakout.

Upcoming Trend

XDC coin price will rise to the 200-day EMA at $0.073, with the 50-day EMA accounting for a price jump of 30%. However, the sellers at the 50-day EMA are looking formidable as the price struggles to withstand the bearish pressure. 

Support Levels: $0.047 and $0.040

Resistance Levels: $0.066 and $0.080

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