XDC
▼next analysis
Prediction
BULLISH
Target
$0.0987
Estimated
Model
trdz-T41k
Date
2025-07-22
21:00
Analyzed
XDC Network Price Analysis Powered by AI
XDC Network Approaches Bullish Breakout: Analysis Reveals Fresh Upside in Store
1. Price Action & Trend Analysis
Daily Chart Overview
- XDC has experienced a pronounced upward move since July 10th, breaking out from a basing range below $0.07. The price showed compact daily candles from $0.060–$0.067 until July 10, then began a strong multi-day rally.
- Key rally legs:
- July 10-13: From $0.065 to $0.084, +30% in three days on expanding volume.
- July 17-20: Explosive range, with price hitting $0.103 on July 20. From $0.080 on July 17 to $0.100 on July 20 (+25%).
- July 21-22: A retrace, from high $0.103 down to a low of $0.093 during low volume, now stabilizing at $0.094.
Short-Term (Intraday) Trend
- Since July 20 high, price entered a correct phase, forming a classic bull pullback with lower intraday highs and lows but stabilizing above previous resistance of $0.092–$0.094.
- The 1-hour candles show decreasing volatility with two major bounces in the $0.093–$0.096 area, suggesting strong buyers below $0.094.
2. Support & Resistance
Major support:
- $0.092–$0.09485 (prior resistance, now support, repeatedly tested in last 36 hours)
- $0.085 (mid-term base from July 18-19 consolidation, psychological level after major breakout)
Major resistance:
- $0.0968 (repeated 1H rejection highs overnight)
- $0.0985 (minor prior pivot), $0.100–$0.103 (previous range high)
3. Volume Analysis
- Volume was highest during July 13-20 rally and at the very high ($0.10–0.103$), now decreasing during consolidation. This is typically bullish after a trend, suggesting sellers are exhausted and buyers are readying for a new move.
- Intraday volume spikes on dips show increased buying interest at/near $0.093.
4. Moving Averages & Trend Indicators
- 9D EMA is climbing sharply and should be near $0.090–0.092; price is pulling back towards it after an overextended breakout (healthy consolidation).
- 21D EMA just turning upwards, validating trend.
- On 1h/4h charts, price basing above short-term EMAs ($0.0935/0.0940), signaling support is forming and the uptrend remains intact short-term.
5. Momentum Oscillators
- StochRSI 1D: Was overbought during the run-up, now coming down but not showing bear divergence; suggests more room for upward continuation after reset.
- MACD 4H: Still positive but histogram declining, indicating consolidation is occurring. No bearish cross yet, bulls in a pause.
6. Candle Pattern Analysis
- Daily candles July 20–22: Upper-wick rejections at $0.103 on July 20, wide-range bar on July 21. Latest candles are narrow bodies, small real range, closing near lows—but with lower tails, hinting at buying interest.
- Intraday: No major breakdown candles; big supply seen above $0.098 but strong demand defending sub-$0.094.
7. Fibonacci Retracement (July run: $0.072 → $0.103)
- 38.2% retrace: $0.0921
- 50% retrace: $0.0874
- 61.8% retrace: $0.0827
- Price bounced twice just above the 38.2% retrace ($0.093–$0.094)
8. Volatility & Market Structure
- Sharp expansion and subsequent range contraction: Typical flags after a breakout run.
- No signs of panic; market structure remains bullish with high lows in place. No new lower lows.
9. Sentiment Synthesis & Price Prediction (24h)
- Pattern is a textbook bullish flag: an impulsive uptrend, followed by a tight range pullback and decreasing volume, defending new support. Oscillators and EMAs indicate trend has more room once consolidation ends.
- Most likely scenario: another probe towards $0.097–0.100 in the next 24h as buyers press for a fresh breakout. If $0.094–0.095 holds, swift upside possible to retest $0.098–0.100. Only invalidated on a close below $0.093.
10. Entry Strategy
- Buy into support retest: Optimal open price is $0.0937 (sits just above 38.2% Fibo, within tested demand). High-probability trade for continuation.
- Target: $0.0987 (just under first resistance and prior breakdown point; conservative take-profit).
Risk Management: If aggressive, stop at close below $0.0929; moderate risk given the momentum background. R:R > 3:1.
Conclusion
Multiple bullish signals align: trend momentum, volume pullback patterns, EMA support, and holding of Fibonacci levels. The base at $0.093–0.094 is being strongly defended. The technical setup favors a buy on support for a move toward $0.0987 within 24h.