XDC Network Price Prediction 2022 – Will XDC Hit $0.2 Soon?
- Bullish XDC price prediction is $0.0690 to $0.1417.
- The XDC price will also reach $0.2 soon.
- XDC bearish market price prediction for 2022 is $0.0421.
In XDC Network’s (XDC ) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about XDC to analyze the future movement of the cryptocurrency.
XDC Network Current Market Status
According to CoinGecko, the price of XDC is $0.058431 with a 24-hour trading volume of $7,588,986 at the time of writing. However, XDC has increased nearly 0.08% in the last 24 hours.
Moreover, XDC has a circulating supply of 12,238,141,964 XDC. Currently, XDC trades in cryptocurrency exchanges such as Bybit, DigiFinex, KuCoin, Gate.io, and HitBTC.
What is XDC Network (XDC )?
XDC Network is an enterprise-ready blockchain with a hybrid (public/private) architecture. The EVM-compatible network is equipped to meet the need of enterprises seeking to build or scale their infrastructures within a blockchain ecosystem. From interoperable smart contracts to frictionless payments, XDC Network offers every resource necessary to facilitate various blockchain use cases.
XinFin mainnet token XDC and also creates an opportunity to utility the XinFin’s real-world use case such as TradeFinex.org, helps small and medium businesses or institutions originate their own financial requirements in a digital, fully structured manner so that they can distribute it to the bank or non-bank funders themselves using a common distribution standard.
XDC Network (XDC ) Price Prediction 2022
XDC Network holds the 121st position on CoinGecko right now. XDC price prediction 2022 is explained below with a daily time frame.
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline.
The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by trendline support the series of lower lows and a diagonal resistance level connecting the lower highs.
Currently, XDC is in the range of $0.058431. If the pattern continues, the price of XDC might reach the resistance level of $0.0675, $0.0916, & 0.1177. If the trend reverses, then the price of XDC may fall to $0.0547.
XDC Network (XDC ) Support and Resistance Level
The below chart shows the support and resistance level of XDC.
From the above daily time frame, it is clear the following are the resistance and support levels of XDC.
- Resistance Level 1 – $0.0690
- Resistance Level 2 – $0.0835
- Resistance Level 3 – $0.1095
- Resistance Level 4 – $0.1417
- Support Level 1 – $0.0547
- Support Level 2 – $0.0421
The charts show that XDC has performed a bullish trend over the past month. If this trend continues, XDC might run along with the bulls overtaking its resistance level at $0.1417.
Accordingly, if the investors turn against the crypto, the price of the XDC might plummet to almost $0.0421, a bearish signal.
XDC Network Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of XDC is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of XDC lies below the cutoff line, indicating weaker participants in the current trend.
More so, the XDC ’s Moving Average (MA) is shown in the chart above. Currently, XDC is in a bearish state. Notably, the XDC price lies below 50 MA (short-term), so it is XDC likely in a downward trend. Therefore, there is a possibility of a reversal trend of XDC at any time.
Meanwhile, the relative strength index (RSI) of the XDC is at level 39.29. This means that XDC is in a nearly oversold state. However, this means a major price reversal of XDC may occur in the upcoming days. So, traders need to trade carefully.
XDC Network Price Prediction 2022 — ADX, RVI
Let us now look at XDC Network’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of the XDC Network. Currently, XDC lies in the range of 15.2160, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of XDC. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of XDC lies below the 50 levels, indicating that the direction of volatility is low. In fact, XDC ‘s RSI is at 39.29 level thus confirming a potential sell signal.
Comparison of XDC with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and XDC Network.
From the above chart, we can identify the trend of the ETH, BTC, and XDC is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and XDC also increases or decreases respectively.
Conclusion
With continuous improvements in the XDC Network network, we can say that 2022 is a good year for XDC. For this reason, the bullish price prediction of XDC Network in 2022 is $0.1417. On the other hand, the bearish XDC price prediction for 2022 is $0.0421.
Furthermore, with the advancements and upgrades on the XDC ecosystem, the performance of XDC would help to reach above its current all-time high (ATH) $0.192754 very soon. But, it might also reach $0.2 if the investors believe that XDC is a good investment in 2022.
FAQ
XDC Network is an enterprise-ready blockchain with a hybrid (public/private) architecture.
XDC has listed on many crypto exchanges which include Bybit, DigiFinex, KuCoin, Gate.io, and HitBTC.
With the ongoing developments and upgrades within the XDC platform, it has a high possibility of reaching its ATH soon.
On August 21, 2021, XDC reached its new all-time high (ATH) of $0.192754.
XDC Network (XDC ) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of XDC in the past few months, XDC is considered a good investment in 2022.
XDC Network (XDC ) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then XDC Network (XDC ) will hit $0.2 soon.
XDC Network (XDC ) price is expected to reach $0.45 by 2023.
XDC Network (XDC ) price is expected to reach $0.7 by 2024.
XDC Network (XDC ) price is expected to reach $0.88 by 2025.
XDC Network (XDC ) price is expected to reach $1 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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