- XDC Network shows renewed bullish momentum with analysts eyeing a possible 80% surge toward the $0.1814 resistance level.
- Despite recent market dips, XDC maintains strong support and trading activity, signaling potential for a major upward trend.
- Analyst confidence and consistent accumulation around key support levels position XDC as a promising altcoin in the current cycle.
XDC Network (XDC) could be on the brink of a significant breakout. After a sharp recovery from recent lows, analysts now forecast up to an 80% price rally. This potential surge follows intense buyer activity that reignited after XDC nearly hit its key resistance level of $0.1814.
The renewed momentum comes amid a broader rebound in the crypto market, with XDC showing particularly strong signs of strength.
Market Strength and Historical Trends
The global crypto market is facing a slight pullback, with total capitalization falling 0.85% to $3.88 trillion. Trading volumes also dipped by nearly 7%, hitting $161.7 billion. However, Bitcoin dominance rose to 60.72%, reflecting stronger investor confidence in top-tier assets. Amid this environment, altcoins like XDC are starting to shine.
XDC’s chart shows strong recovery patterns after a steep decline from its 2021 highs around $0.20. During the bearish period, XDC slipped to support zones near $0.02–$0.03. Despite the downtrend, trading interest remained steady. Many investors continued accumulating during this phase, fueling recent gains.
Source: Javon Marks
Analyst Insights and Future Outlook
Analyst Javon Marks believes that XDC’s recovery is not yet done. He highlights the $0.1814 level as the next major target. A move to this level could push XDC up nearly 80% from current levels. This prediction is based on solid chart patterns showing bullish strength and growing volume.
Moreover, the token’s ability to hold firm support and rally strongly signals possible trend reversal. Buyers are stepping back in, showing faith in the network’s fundamentals and long-term value. This growing optimism is vital for sustained growth.
