News - XDC still among best-performing altcoins

By Mike Hesp

XDC still among best-performing altcoins

With an increase of 5%, the price of XDC Network is one of the less bullish altcoins in the last 24 hours of trading.

The price of the XDC token, based on the EVM protocol, is currently withstanding the weakness in the crypto market and has risen about 5% in the past 24 hours. Recent news of explosive growth in Japan continues to boost the price of XDC. After bouncing from the support zone around $0.032, the price has risen in recent days and is now trading just below $0.036, which is close to the initial resistance of $0.038.

If the bulls can bring the XDC price back above this level, a further rise to last month's high around $0.044 can be expected. If the crypto market calms down in the coming days and XDC rises to a new high of the year, the target area around $0.053 could come into view as a possible target.

The maximum bullish price target for the XDC token in the coming period is in the area of the resistance zone, not far from $0.069. Last year, the XDC price bounced down several times from this area.

However, if XDC returns to the latest lows between $0.032 and $0.030 in the coming days due to continued weakness in the crypto market, a broader correction cannot be ruled out. A price drop below this level would result in further losses up to $0.026. This area last served as support in February. If Bitcoin and other currencies show continued weakness in the coming months, a retest of the all-time low around $0.020 is also possible if they break through the $0.025 level.

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