XDC Network Price Prediction 2022 – Will XDC Hit $0.2 Soon?

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.

XDC /USDT Descending Channel Pattern (Source: Tradingview)

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.

XDC /USDT Support and Resistance Level (Source: TradingView)

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.

XDC /USDT RVOL, MA, RSI (Source: TradingView)

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.

XDC /USDT ADX, RVI (Source: TradingView)

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.

BTC Vs ETH Vs XDC  Price Comparison (Source: TradingView)

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

1. What is XDC Network?

XDC Network is an enterprise-ready blockchain with a hybrid (public/private) architecture.

2. Where can you purchase XDC?

XDC  has listed on many crypto exchanges which include Bybit, DigiFinex, KuCoin, Gate.io, and HitBTC.

3. Will XDC  reach a new ATH soon?

With the ongoing developments and upgrades within the XDC  platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of XDC Network?

On August 21, 2021, XDC  reached its new all-time high (ATH) of $0.192754.

5. Is XDC  a good investment in 2022?

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.

6. Can XDC Network (XDC ) reach $0.2?

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.

7. What will be the XDC  price by 2023?

XDC Network (XDC ) price is expected to reach $0.45 by 2023.

8. What will be the XDC  price by 2024?

XDC Network (XDC ) price is expected to reach $0.7 by 2024.

9. What will be the XDC  price by 2025?

XDC Network (XDC ) price is expected to reach $0.88 by 2025.

10. What will be the XDC  price by 2026?

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.

Recommended Articles

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.