Key Takeaways

• The XDC Coin price closed the previous day’s trade at INR 4.9393 with a market capitalization of INR 75.34 Cr and a circulating supply of 1231 Cr XDC tokens
• The price just broke out of the parallel consolidation and attempting to validate the uptrend to test the higher highs
• Yet the bears try to obstruct the rally but eventually may fail as the bulks appear to be self-assured of the bull run

XDC Coin Price Comparison Table

* As of 30-April-2022 

Check out the Latest Prices, Charts, and Data of  XDC/INR.

XDC Network (XDC ) Technical Analysis at a Glance

The XDC Coin Price is swinging in between INR 3.52 and INR 5 for quite a long time as it accumulated significant gains. However, as the monthly close approached, the XDC price quickly jumped into action gaining more than 27%. The bears appear to have been activated presently but may not hinder the rally as the bulls are poised to uplift the price above consolidation.

Technical Indicators & Pivot Levels

Technical Indicators

Pivot Levels

Oscillators

XDC Network with the fresh breakouts flipped the bearish clouds hovering in the short-term and the mid-term. However, the long-term forecast is a bit shaky but a significant upswing may nullify this too. As the short-term & mid-term both are extremely bullish, the upswing may be continued. But the asset is highly volatile in the short-term and hence huge variations may be expected during the monthly close. 

On the other hand, steady growth may be imminent as the asset’s strength is pretty high with less volatility. And hence the current month’s close may decide the upcoming price movement as the traders may lookout for a short-term & profit causing a notable price drain. 

Additional Read: BNB Coin Yearly Price Prediction 

XDC  Price and Technical Analysis for April, May,June,July

Source: Tradingview

• After the gigantic fall in the first few days of 2022, XDC traded within range-bound levels from the past couple of months.
• However, after ranging within the middle bands of the parallel channel for a pretty long time, the XDC price broke out of consolidation.
• Currently, the price is attempting hard to validate a breakout and a breach through 200-day MA levels may ignite a rally towards the immediate highs at INR 6.55 until the end of May.
• Further in June, the price is expected to break out but may not reach the pivotal resistance at INR 8.16. On the contrary, a larger chance of a rejection close to INR 8 may haunt the rally.
• Yet, the asset could stabilize well and re-start with an uptrend to slice through the important resistance and head towards a 2-digit figure by the end of July.

How to Invest in XDC Network Coin 

Buying or selling on CoinDCX is extremely simple and safe, offering lucrative deals in the market. Just download the CoinDCX App on your smartphone and enter the required details. Once your details are verified, fund your wallet and buy an XDC token.

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Read recent price predictions on:

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