XDC Network (XDC), a Layer-1 blockchain platform, has experienced a significant surge, increasing by an impressive 68% over the past 15 days. This dramatic rise signals growing interest in the altcoin, particularly as it continues to show bullish sentiment despite broader market uncertainties. Currently trading at $0.1299, XDC is now less than 32% away from its all-time high (ATH) of $0.1939. With the price steadily rising, many are now speculating if $0.20 is within reach by the end of January 2025.
XDC’s recent rally is the result of sustained buying activity and increasing demand. The cryptocurrency has posted significant gains, with a 15% rise in just the last 24 hours. The surge in trading volume by 71% suggests a renewed interest from both retail and institutional investors. At the time of writing, XDC has a market cap of $1.71 billion and holds the 61st position in the global cryptocurrency rankings.
This price growth comes after a period of consolidation, where XDC hovered around lower levels. The altcoin now appears to be in a stronger position to reach new milestones, driven by strong bullish market sentiment. Despite the volatility seen across the broader cryptocurrency market, XDC’s momentum remains unshaken, which could suggest a continued uptrend.
Looking at the technical aspects of XDC’s price movement, the Relative Strength Index (RSI) has recently crossed into the overbought territory. This suggests that the altcoin is experiencing strong upward momentum, as increasing demand pushes prices higher. A rise in RSI usually signals that the coin could continue its bullish run if market conditions remain favorable.
Additionally, the Simple Moving Average (SMA) is providing consistent support, reinforcing the positive trend in XDC’s price action. This indicates that buying pressure is surpassing selling pressure, which could lead to further price increases. The alignment of these indicators supports a continued bullish outlook for XDC in the near term.
As XDC continues to gain traction, the key question is whether it can break through its resistance levels and reach $0.20 by the end of January 2025. The first target is the $0.140 resistance level, which has been a significant barrier in recent days. A successful breakthrough here could open the door for further gains, leading the altcoin toward its next target of $0.20.
If the bullish sentiment persists, XDC could continue to climb. However, should a bearish reversal occur, the coin could retest lower support levels, particularly around $0.120. If it fails to maintain that support, a pullback to the $0.100 mark is possible before buyers regain control.
XDC’s price is currently trading near key resistance levels at $0.140, with $0.20 being the next major milestone. On the downside, the support levels are positioned at $0.120 and $0.100. A breach of the $0.140 resistance could trigger an upward movement toward $0.20, while failure to hold support at $0.120 could lead to price consolidation or a retracement.
XDC Network has proven itself to be one of the more resilient altcoins in the market, with its recent 68% surge demonstrating the potential for significant price movement. As the altcoin approaches key resistance levels, traders are closely watching to see if the $0.20 mark can be reached. With bullish momentum still present, XDC could continue its upward trajectory, but the next few weeks will be crucial in determining its future path.
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