- 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
|Crypto-Asset||Start Month Price*||Mid-Month Price*||End Month Price*||% Change*|
|XDC Network(XDC )||INR 4.38||INR 4.16||INR 5.27||+20.31%|
* 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.
|Short-Term||The XDC price has reached its peak and hence it may face small exhaustion dragging the price within the parallel consolidation again|
|Mid-Term||The assets appear to have completed the selling just now as buying volume has begun to accumulate. Therefore a significant upswing is fast approaching|
|Long-Term||The price is attempting very hard to breach through the parallel consolidation and may do so shortly|
Technical Indicators & Pivot Levels
|Technical Indicators||Value(1D / 1M)||Action (1D / 1M)|
|Relative Strength Index(RSI)||71.56 / 56.58||Buy / Buy|
|MACD(12,26)||0.002 / 0.017||Buy / Buy|
|Average Directional Index(ADX)||28.39 / 42.49||Buy / Neutral|
|Bull-Bear Power||0.0162 / -0.0116||Buy / Sell|
|Moving Average(MA)-50||INR 4.29||INR 6.44||INR 1.66|
|Moving Average(MA)-200||INR 5.59||INR 1.7||INR 0.41|
|Resistance||INR 6.55||INR 8.16||INR 9.65|
|Support||INR 4.08||INR 3.77||INR 3.32|
|Average True Range(ATR)||0.0029||0.0082||0.0474|
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
- 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
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