XDC Network (XDC) Price Nosedives to 7-Month Low — Flashes Signs of Recovery

Key Takeaways

• XDC has fallen 15% in the past week, dropping to its lowest price since November 2024, following weak demand.
• The MACD has flipped from negative to positive, signaling a possible shift in momentum from bearish to bullish.
• CMF has turned positive, suggesting seller exhaustion and rising buyer activity that could push XDC past $0.060.

After enjoying an impressive rally this year, spiking above $0.12, XDC Network (XDC) price has fallen to its lowest level since November 2024. This decline happened as the XDC crypto price lost 15% of its value within seven days.

At press time, the altcoin trades at $0.058. Despite the decline, the charts show that XDC might have hit bottom.

But is a rebound close by for the cryptocurrency? Let’s analyze this.

XDC Targets Turnaround

The XDC/USD daily chart shows a depressing technical structure. As seen below, the XDC crypto price has been hitting lower highs while maintaining support at $0.058.

This support, where it hovers, represents the lowest level the cryptocurrency has reached in seven months. According to CCN’s findings, the decline was due to low demand after January’s rally and rising selling pressure.

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However, according to the Moving Average Convergence Divergence (MACD), it could be time for a turnaround. The MACD reading has moved from negative to positive, indicating that the momentum around XDC is switching from bearish to bullish.

If the trend is sustained and the indicator forms a bullish crossover, it could attempt to move toward the upper level resistance at $0.067. If successful, XDC’s price might also rise toward $0.080, a key threshold.

Bulls Display Commitment

Furthermore, on-chain insights from Santiment suggest that traders lean toward a bullish reversal, as reflected in the current funding rate.

When the funding rate is positive, it indicates that longs (buyers) are paying shorts (sellers) to maintain their positions—a sign of bullish sentiment.

However, a negative funding rate implies that shorts are dominant, paying longs and signaling a broader bearish outlook.

In this case, the funding rate remains positive, reinforcing that market participants expect a rebound. If this sentiment holds, the XDC price could benefit from a short squeeze, potentially increasing its market value.

XDC Price Analysis: Rebound coming

On the 4-hour chart, the Relative Strength Index (RSI) is close to the oversold region. At the same time, the Chaikin Money Flow (CMF) has risen above the signal line.

This rise in the CMF indicates that sellers are exhausted, and XDC buyers are taking advantage of this fatigue and accumulating the cryptocurrency. XDC’s price might break above the upper resistance at $0.060 if this trend continues.

Once successful, the altcoin’s value could be retested at $0.063 near the 0.786 Fibonacci level. If buying pressure increases, XDC might rally toward $0.067.

On the contrary, if the bulls fail to maintain this dominance in pushing the bears out, the prediction might not happen. In such a situation, XDC might slide to $0.057.