XDC Network (XDC) was rejected at the resistance zone of 0.051 USD and continues to maintain a bearish structure on the 1D timeframe, with 0.046 USD and 0.051 USD being two key points to watch.
This development occurs in the context of Bitcoin failing to create upward momentum, as BTC is rejected at the psychological level of 90,000 USD, weakening the overall market's bullish strength and XDC's buying pressure insufficient to break out.
MAIN CONTENT
XDC was rejected at 0.051 USD and is currently moving sideways in the short term instead of continuing to plunge sharply.
Losing 0.046 USD could trigger a continuation of the decline, while breaking 0.0518 USD confirms a bullish reversal on the 1D timeframe.
The resistance zones according to Fibonacci are at 0.0489 USD, 0.0496 USD, 0.0506 USD; the lower targets are 0.0446 USD and 0.0424 USD.
XDC's downward trend on the 1D timeframe has not been broken.
The 1D structure of XDC remains bearish, as the price has created a new lower low and there are no signs of a sustainable bullish structure break.
The main evidence comes from December 14, when XDC created a lower low on the 1-day chart, confirming that the bearish trend remains dominant. Since then, XDC has not created any clear new 'breakdown,' instead moving according to a short-term accumulation phase around the range of 0.046–0.051 USD.
In a negative scenario, breaking below 0.0460 USD will reinforce the continuation of the decline. Conversely, if the price recovers and surpasses the local high of 0.0518 USD, the structure may shift to bullish on the 1D timeframe. The upward momentum nearly met this condition on 20/12 but could not hold.
One day later, XDC dropped 9.81% and returned to the zone of 0.0460 USD, indicating that the two swing points 0.0460 USD and 0.0518 USD are acting as 'boundaries' for both buyers and sellers.
Bitcoin's rejection at 90,000 USD leaves XDC without upward momentum.
BTC's failure to surpass 90,000 USD undermines the overall bullish sentiment in the market, making it difficult for XDC to break out of the resistance zone.
XDC has not received significant support from Bitcoin as BTC is rejected at the round number resistance of 90,000 USD. When the market lacks 'pull' from leading assets, altcoins often struggle to maintain a recovery, especially if buying inflows do not improve significantly.
In this context, XDC continues to face pressure due to weak buying power, making any upward bounces easily sold off when approaching the local supply zone of 0.051 USD. Therefore, the movement of BTC remains an important variable to monitor, even though XDC's trading signals primarily remain at its own technical levels.
The Fibonacci levels indicate multiple layers of resistance before 0.051 USD.
The Fibonacci retracement levels are acting as resistance zones, with the 50% retracement level being resistance and the levels of 0.0489–0.0506 USD potentially blocking the recovery.
The confirmed drop indicates a continuation of the decline on the daily timeframe used to draw Fibonacci levels. At the time of recording, the 50% retracement level serves as resistance and has blocked XDC's upward bounce, indicating that buyers lack sufficient strength to 'reclaim' lost price zones.
Three notable resistance levels are 0.0489 USD, 0.0496 USD, and 0.0506 USD. These are points that could cause price rejection during short-term recoveries, before approaching the supply zone of 0.051 USD.
On the H4 timeframe, the OBV indicator shows an upward trend, implying improved buying power. If OBV continues to rise and the price breaks through the aforementioned resistance levels, the likelihood of a bullish structure shift will be higher, but the confirmation condition still lies in breaking 0.0518 USD on the 1D timeframe.
Reference setup for short orders: invalidation zone and lower target.
With the priority scenario for a decline, the level of 0.0518 USD and the Fibonacci retracement levels are invalidation points for shorts, while the lower targets are at 0.0446 USD and 0.0424 USD.
The Fibonacci retracement levels above and the swing high of 0.0518 USD serve as 'invalidation' points if you are holding a bearish bias. In other words, if the price exceeds 0.0518 USD on the 1D timeframe, the bearish thesis will weaken significantly as the structure may shift to bullish.
On the contrary (southbound), the two price targets mentioned are 0.0446 USD and 0.0424 USD. These are the levels that sellers may aim for if 0.0460 USD is broken and bearish momentum returns.
Conclusion
XDC remains in a downward trend despite strong fluctuations last week, and the bearish bias is maintained until the price surpasses 0.0518 USD on the 1D timeframe.
The price of the XDC Network token still leans towards a decline, despite significant fluctuations last week.
Traders may continue to prioritize the bearish scenario until 0.0518 USD is broken on the 1D timeframe, at which point a structural shift to bullish would signal.
Frequently Asked Questions
What is the most important price level to determine whether XDC is still declining or has reversed?
The two key levels are 0.0460 USD and 0.0518 USD. Breaking below 0.0460 USD leans towards a continuation of the decline, while breaking above 0.0518 USD on the 1D timeframe could confirm a structural shift to bullish.
What are the nearest resistance zones for XDC according to Fibonacci?
The nearest resistance zones include 0.0489 USD, 0.0496 USD, and 0.0506 USD. These levels could cause price rejection during recoveries before moving towards the 0.051 USD zone.
What is XDC's lower target if it breaks 0.0460 USD?
The monitored lower targets are 0.0446 USD and 0.0424 USD. These are lower price zones that may be tested if selling pressure increases and the downward trend continues.
Source: https://tintucbitcoin.com/xdc-duoi-0051-usd-vung-gia-then-chot/
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