XDC has been the subject of much discussion within the trading community. The digital asset has shown signs of breaking out, with some anticipating a retest and a subsequent upward movement. The sentiment is largely optimistic, with many traders using symbols of rockets to express their bullish outlook on the coin.
XDC Network (XDC), currently ranked #47 on CoinGecko, is trading at a price of $0.065998, marking a 12.0% increase in the last 24 hours. Over the past week, the coin has seen a decline of -24.3%. The coin’s price has fluctuated within a 24-hour range of $0.062475 to $0.073072.
However, not all are entirely positive. Some observations have pointed out that on a 4-hour chart, XDC appears to still be in a downtrend. The coin is currently hovering around a crucial support level of approximately 0.06161. The consensus among part of the community is that maintaining this level is vital for the coin’s short-term health. Should it fail to hold, there are concerns that XDC might experience a dip to around the 0.056 mark.
On a brighter note, even with slight downward movements, XDC remains above the 200 mark, which many consider a positive sign. This has led to a belief among others that the coin’s overall performance is still robust.
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