XDC suddenly surged? Is it a real reversal or an "emotional rebound"👀
#XDC In the past 24 hours, it has risen by about 6%, standing out against a backdrop of a weak market. The main catalyst comes from Biconomy launching the XDC/USDC spot trading pair, igniting short-term sentiment🔥.
But looking further out——the daily chart still shows a clear downtrend. CMF indicates continuous capital outflow, and MACD is below the zero line, with an overall bearish structure.
Although the hourly chart has seen a strong rebound, buying pressure has increased, but it has been blocked and retreated in the supply zone at $0.051.
🎯 Key levels:
Maintain above $0.0487, there may be room for a rebound;
Once it breaks below, the market is more likely to further explore $0.046 / $0.044.
💡 This is a rebound driven by sentiment, not a trend reversal. Following the larger cycle, patiently waiting for opportunities is more important than chasing prices.