XDC Rallies and Breaks 153-Day Resistance | Credit: Hameem Sarwar
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Key Takeaways
XDC Network (XDC) broke out from a 153-day resistance.
The XDC trend has been bullish since a deviation in June.
Can XDC sustain its upward movement and confirm the breakout?
XDC has bucked the broader market trend over the past 24 hours, emerging as one of the few coins posting gains in an otherwise sluggish crypto landscape.
After months of downward pressure, the token is showing early signs of a potential trend reversal.
With momentum indicators turning bullish and a corrective phase seemingly complete, the big question now is whether XDC can build on this momentum and push toward new highs.
XDC Price Analysis
The daily time frame XDC analysis shows that the price has fallen steadily since its all-time high of $0.156 on Jan. 16.
XDC lost over 60% of its value during its descent, bottoming at $0.052 on June 22.
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Momentum indicators have turned bullish. Before the rally, the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) generated bullish divergences (orange).
The RSI is above 50 and the MACD is positive, legitimizing the price breakout.
In conclusion, XDC’s technical analysis gives a bullish prediction, charting a price increase to $0.078.
XDC Correction Over?
The long-term outlook aligns with the short-term one, indicating the XDC correction has ended.
XDC’s price increased by 500% between September 2024 and January 2025 in a five-wave upward movement (green).
Then, XDC fell in an A-B-C correction (red). While the count has some oddities, such as the relatively short wave C relative to wave A, the overall setup remains compelling.
The correction was the same length as the upward movement. It ended at the 0.786 Fibonacci retracement support level (green icon), with a completed sub-wave count (black).
So, the XDC price correction is more likely than not over, especially considering the deviation and breakout.
If that is the case, the XDC price will increase to $0.078 and break out toward the all-time high of $0.156.
Potential Bottom in Place
The XDC price has shown strength by reclaiming horizontal and diagonal resistance.
The XDC price increase is likely the start of a rally toward $0.078.
It remains to be seen how the XDC price will develop once it reaches $0.078 to determine the future trend.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
