- Bullish XDC price prediction ranges from $0.07 to $0.09
- XDC price might also reach $0.1 soon.
- XDC bearish market price prediction for 2021 is $0.05
In XinFin Network XDC price prediction 2021, we use statistics, price patterns, RSI, and much other information about XDC to analyze the future movement of the cryptocurrency.
XinFin is an enterprise-ready hybrid Blockchain technology firm optimized for international trade and finance. The XinFin network is based on the native coin known as XDC. Moreover, the XDC protocol is designed to support smart contracts, 2000TPS, 2seconds transaction time, KYC to Masternodes (Validator Nodes).
According to CoinGecko, the XDC price is trading at $0.05 with a 24-hour trading volume of $7,591,145, at the time of writing. However, XinFin has decreased by 23.87% in the last 24 hours.
Moreover, XinFin has a circulating supply of 12.28B XDC. Currently, XinFin XDC trades in cryptocurrency exchanges such as Bitfinex, KuCoin, HitBTC, Bitcoin.com Exchange, and Changelly PRO.
XinFin Network XDC Price Prediction 2021
XinFin Network (XDC) holds the 83rd position on CoinGecko right now. XinFin XDC price prediction 2021 explained below with a daily time frame.
The above chart shows the Symmetrical Triangle patterns. Generally, a symmetrical triangle is made of a downward diagonal upward trend line and an upward diagonal downward trend line. When the price increases, it will inevitably break through the upper trend line to break, and in an uptrend, the price will increase or break. A lower trend line that develops a breakthrough and a downward trend in which prices drop.
In the daily time frame chart, it is possible for the XDC to reach $0.08 if the bull trend continues. Orelse, if the price of the XDC breaks the support level of $0.0645, it will fall to the next support level at $0.058. So, the trend of the XDC is based on the breakout.
XDC Support and Resistance Level
The below chart shows the support and resistance level of XDC.
From the above daily time frames, it is clear the following are the resistance and support level of XDC.
- Resistance Level 1 – $0.073
- Resistance Level 2 – $0.084
- Resistance Level 3 – $0.096
- Support Level 1 – $0.064
- Support Level 2 – $0.056
- Support Level 3 – $0.05
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 $0.096.
Conversely, if the investors turn against the crypto, the price of XDC might plummet to almost $0.05, a bearish signal.
XinFin Network (XDC) Average Directional Index (ADX)
Now let’s look at the average directional index (ADX) of XDC. Generally, the Average Direction Index (ADX) helps crypto traders identify the strength of a trend, instead of its actual direction. It can be used to check whether the market is changing or a new trend is initiating. It is associated with the Directional Movement Index (DMI) and basically includes the ADX line.
The range of the oscillator is from 0 to 100. A high value represents a strong trend, and a low value shows a weak trend. It is often combined with directional indicators.
The above chart shows the ADX of XDC stays above the range of 21, so it indicates a weak trend. Major price reversal could happen soon.
The XDC is one of the cryptos that keeps its ground against the bearish market. Furthermore, our long-term XDC price prediction 2021 is bullish. It has a huge possibility of overtaking its current all-time-high (ATH) of $0.144 this year. However, this will only happen if it breaks many past psychological resistances.
Furthermore, with the ongoing developments and upgrades within the XDC ecosystem, it could experience a great future ahead in 2021. It may reach $0.08 soon and it might even reach high heights, however reaching $0.1, if investors have planned that XDC is a good investment in 2021.
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.