Key Takeaways:
- The XDC Network (XDC) price closed the previous day’s trade at $0.02724 with a market capitalization of $328.50 million and a circulating supply of 12.31 billion XDC
- Despite huge bearish pressure, the price is trying to halt the descending trend to some extent and surge initially by 5% to 8% to validate a rebound
XDC Network (XDC) PRICE & Technical Analysis
| Current Price | $0.026 |
| XDC Price Prediction for Today | $0.024 |
| Volatility | 11.17% |
| 50-Day SMA | $0.029 |
| 14 Day RSI | 43.01 |
| Sentiment | Bearish |
| Fear and Greed Index | 27 (Fear) |
| Green Days | 12/30 (40%) |
| 200-Day SMA | $0.040 |
Additional Read: Top Proof of Stake Tokens
XDC Network Technical Analysis for September 2022
The price after consolidating for the first few days of the month, dropped to reach the lows. However, following the rebound, the price rose by nearly 10%, but the latest price crash hindered the rally. While the bearish action is currently at highs, the price is expected to maintain a consolidated trend for a while.
While the technicals are pretty bearish presently, the token is expected to rebound finely in the coming days. However, the RSI may gain some strength which may prevent the price from plunging harder. As the price is trading within a rising wedge, it may either rebound to test the highs or continue to plunge, accomplishing with a minor correction.
By the end of the month, the XDC price may trade close to $0.3 after withstanding bearish pressure.
XDC Network Technical Analysis at a Glance
The XDC Network has been trading heavily under the influence of bears for nearly a month. Despite the latest crackdown, the price held the lower support and is trying hard to ease the bearish pressure. On the brighter side, the bulls may soon try to increase their dominance post to which the upswing could be imminent.
| Short-Term | The XDC price appears to be primed to undergo a notable plunge as the bulls remain off-shore |
|---|---|
| Mid-Term | The buying volume has just started accumulating and hence the price could continue ranging towards the north |
| Long-Term | The token price has reached the bottoms and trying hard to rise high gaining significant support of the bulls |
Will XDC Price Reach $0.028 Today?
The XDC price in the last few hours witnessed a massive price slump as the market conditions turned extremely bearish. After recording a bearish close, the token managed to gain some strength to begin the day’s trade on a bullish note. Meanwhile, the bears are attempting to restrict the price to $0.0268, but the bulls appear to be active at $0.0264.
While the trend has flipped to some extent, the buying pressure is expected to accumulate to rise the price beyond $0.027 initially. On the other hand, RSI had flipped from the bottom while MACD is closer to flashing a bullish signal. Therefore, after a brief consolidation, the price appears primed to rebound finely to reach $0.02732.
In case of validation of a flip from the bearish captivity, the price may even reach levels beyond $0.028.
Will XDC Price Reach $0.05 by the End of September?
After undergoing a rejection from above $0.36, the XDC price dropped heavily by more than 30% to mark the lows at $0.025. The price is currently recovering from the losses but due to the depleted volume, the pace has been lowered to a large extent. However, after a brief consolidation, the XDC token price could regain a bullish momentum.
In the coming days, the price could secure levels above $0.03 initially and in the next couple of weeks, the price may rise to reach the highs at $0.036. If the bulls stay strong at these levels, then the price could continue marching towards the north. Therefore, the XDC Network price prediction for September is around $0.028 to $0.034.
Additional Read: Bitcoin Price Prediction
XDC Network Price Prediction: Price Trend Comparison with Ethereum(ETH)
Source: Tradingview
- XDC Network is an EVM compatible blockchain, equipped with interoperable smart contracts
- While ETH price maintained decent price variations, XDC price displayed more strength compared to Ethereum
- The ETH/USDT price rose high to hit +16.16% followed by a plunge to -17.73% and currently, the token is trading at -7.53%
- Conversely, the XDC price surged from the average levels to reach the highs at +24.55% and currently trading at -8.57%
Additional Read: Ethereum Price Prediction
XDC Network Price Prediction: 2022, 2023, 2024, 2025
XDC Network Price has been extensively bearish for a pretty long time. However, the token may find some relief from the bearish captivity soon and lay down a decent upswing ahead. By the end of the yearly trade, the XDC price is expected to test the yearly highs at $0.068. Further in the upcoming years, the price is expected to reduce a zero and try hard to record decent gains.
| Year | XDC Price Forecast |
| 2022 | $0.041 to $0.047 |
| 2023 | $0.055 to $0.067 |
| 2024 | $0.053 to $0.058 |
| 2025 | $0.066 to $0.078 |
XDC Network News Today
- The XDC network, recently, launched an enhanced consensus for Ethereum called XDPOS2.0 intending to develop the scalability.
