Is XDC Network (XDC) Gearing Up for a Major Rally? Similar Setup Hints Potential Upside Move

Date: Tue, February 11, 2025 | 10:20 AM GMT

The cryptocurrency market is showing signs of recovery today, with major altcoins turning green after weeks of correction. Bitcoin dominance has declined by 0.57% to 61.22%, creating a favorable environment for altcoins like XDC Network (XDC) to bounce back.

XDC has staged an impressive comeback, surging over 6% today after reducing its 30-day correction to just 4%. The price action suggests that a potential upside move could be forming.

Source: Coinmarketcap

Similar Setup Hints at Potential Upside Move

On the daily chart, XDC dropped to a low of $0.061 on February 3, but quickly rebounded. Today, it has successfully broken out of the falling trendline and is currently trading at $0.095, testing the 15-day moving average (MA) as resistance.

XDC Network (XDC) Daily Chart/Coinsprobe (Source: Tradingview)

A similar breakout occurred last month when XDC broke above the trendline and the 15-day MA, followed by a successful retest that led to an explosive 100% rally within weeks.

If history repeats itself, a break above the 15-day MA and a successful retest could confirm a bullish trend, potentially leading to another strong rally in the coming days.

MACD Shows Bullish Momentum Gaining Strength

The MACD (Moving Average Convergence Divergence) is showing early signs of a bullish crossover, where the blue MACD line is attempting to cross above the orange signal line. This is often seen as a trend reversal signal, especially when it follows a prolonged correction.

If the MACD crossover confirms, alongside price action holding above the 15-day and 10-day moving averages, it could indicate that XDC is gearing up for a sustained uptrend.

Final Thoughts

XDC is showing strong technical signs of a potential breakout, closely mirroring its previous bullish setup. If the price successfully flips key resistance levels into support, the chances of a major rally increase significantly.

With altcoin momentum rising and market sentiment improving, traders should keep an eye on confirmation signals, such as a retest of the breakout zone and MACD crossover completion. If these factors align, XDC could be primed for a significant price surge in the near future.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

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