XDC Just Rocketed 12% In a Day – But Crucial Levels Still At Risk of Falling

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.

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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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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com


Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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