XDC Network (XDC) Pokes Through a Key Resistance

The XDC Network coin has been able to register some noticeable price moves as of the time of writing. The coin gained by 4.14%, and it seems it has brought the coin to some notable height. Let’s get into more details about the market below.

XDC Statistics

Current Price: $0.05037

Market Capitalization: $936.69M

Circulating Supply: 18.52B

Total Supply: 38.03B

CoinMarketCap Rank: 66

Key Levels

Resistance: $0.05500, $0.06000, $0.06500

Support: $0.05000, $0.04500, $0.04000

XDC Network Appears to Be Staying Depressed

Ever since price activity’s overwhelming downward correction resulted after the market tested the $0.1000 threshold, the price chart has been heading south. Albeit the last price candle in the XDC market has poked through the 9-day Exponential Moving Average (EMA) line.

The ongoing session only presents a modest increase, yet the Stochastic Relative Strength Index (SRSI) indicator lines have risen farther towards the overbought zone of the indicator. Consequently, while this may aid future price increases, it also suggests that upside forces may be weak.

XDC Looks Resisted Near the $0.05100 Mark

As price action in the XDC 4-hour chart nears the ceiling at the $0.05100 price level, it appears headwinds have become more active. This can be observed as the price candle begins to have an upper shadow, which indicates a pushback at the market.

Nevertheless, trading remains above the 9-day EMA curve, staying green there. Meanwhile, the SRSI indicator lines are still below the 80 mark but keep to an upward trajectory. As such, this market may rise past $0.05100 toward the $0.05200 threshold.

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