XDC Network Price Surges on Binance US Listing — Can Bulls Push Beyond $0.111?

The post XDC Network Price Surges on Binance US Listing — Can Bulls Push Beyond $0.111? appeared first on Coinpedia Fintech News

XDC Network has drawn investor attention with a sharp rally fueled by its recent listing on Binance US. The price is up 8.14% since yesterday, reaching a high of $0.1011 before cooling slightly to $0.09818. With a market cap of $1.6 billion and 24-hour trading volume surging 69% to $84.77 million, this mid-cap token seems to be back in the game. Join me as I give you the potential entry and exit zones for XDC.

XDC Price Analysis

Looking at the chart, the immediate resistance sits at $0.10195, where the current rally has taken a pause. A clean breakout above this level would open the gates to the next pitstop at $0.111, which marks the next bullish target.

Contrarily, on the downside, the first support is at $0.092, which aligns with the 20-period SMA and acts as the nearest safety net. If that breaks, further cushions for XDC price are present at $0.085 and $0.0732, which coincide with the broader uptrend base.

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Coming to indicators, the RSI stands at 66.70, not yet overbought but approaching the threshold. This suggests strong buying interest with a mild risk of short-term consolidation. On the other hand, Bollinger Bands are widening with price hugging the upper band, reinforcing bullish momentum but also hinting at volatility.