XDC Network (XDC) Clinches Minimal Gains Above Critical Levels

Price action in the XDC Network daily market has recorded another gain. So far, the coin has achieved a 0.29% price increase. However, this occurred above a crucial technical level that may support further upside movement. While the increase is minimal, it could signal a potential continuation of bullish activity.

XDC Market Statistics

Current Price: $0.06322

Market Capitalization: $1.12B

Circulating Supply: 17.75B

Total Supply: 38.02B

CoinMarketCap Rank: 66

Key Price Levels

Resistance: $0.06500, $0.07000, $0.07500

Support: $0.06000, $0.05500, $0.05000

XDC Network Minimally Advances Its Bullish Course

The ongoing upward retracement in the XDC market began three sessions ago. In the previous session, price action moved above the 9-day Exponential Moving Average (EMA) line.

Although bullish momentum appeared to strengthen, a brief bearish contraction forced prices back toward the 9-day EMA line. Despite this, the current session remains above the EMA and displays a bullish candle.

Additionally, the lines of the Stochastic Relative Strength Index (SRSI) continue to move upward after reversing direction from the oversold region. Consequently, this market still holds upside potential.

XDC Buyers Make a Bold Re-entry

The XDC Network market recently dipped below the 9-day EMA curve on the 4-hour chart. However, since the previous session, green price candles have appeared, indicating attempts to reclaim trading above the 9-day EMA.

Although these candles are relatively small, they have brought the token back above a key technical level.

Meanwhile, the SRSI lines are still descending toward the oversold region, suggesting that more buying pressure is needed to fuel a significant and sustained upward retracement toward the $0.07000 level.

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