In summary
XDC price has surged 21% in 24 hours, reaching a four-year high of $0.121, driven by a 40% increase in trading volume.
The Aroon indicator suggests a strong upward trend, with the Aroon Up line at 100% and the Down line at 0%, signaling bullish momentum.
Fibonacci analysis predicts potential resistance levels at $0.127 and $0.157, with a price target of $0.194 and support near $0.10.
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The XDC Network token has skyrocketed by 21% in the past 24 hours. This double-digit gain has propelled XDC to its highest price since 2021, making it the strongest performer among major cryptocurrencies during that period.
With strong bullish momentum, the XDC token price could continue to rise in the short term. This analysis provides specific details.
XDC Sees Increased Demand
A corresponding surge in daily trading volume accompanied XDC’s price increase. In the past 24 hours, this volume has increased by 40%, reaching a total of $84 million at the time of writing


When an increase in trading volume accompanies a price increase for an asset, it indicates strong market interest and increased participation. It suggests that the price rise is supported by genuine demand for the asset. This combination confirms the strength of the XDC rally and hints at the possibility of sustained momentum. Notably, the Aroon indicator for this altcoin supports this bullish outlook. At the time of writing, XDC’s Aroon Up line is at 100%,

The Aroon indicator measures the strength and direction of a trend by analyzing the time since the asset reached its recent high (Aroon Up) and low (Aroon Down).
When an asset’s Aroon Up line reaches 100% while the Aroon Down line is at 0%, it indicates that the asset’s most recent high occurred very recently, while the most recent low occurred a long time ago. This is true for XDC, which is currently trading at a four-year high of $0.121.
This suggests a strong upward trend, as the token is consistently reaching new highs. It signals bullish momentum, which is a favorable condition for further price increases.
Optimistic Investors Target $0.194 for XDC
Readings from XDC’s Fibonacci Retracement tool suggest that if the current bullish momentum continues, it could propel the altcoin’s price past the resistance levels at $0.127 and $0.157, potentially approaching its all-time high of $0.194

However, if it encounters a correction and demand weakens, the XDC token price could drop to $0.10.
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