XDC Network popped 6.14% in the past 24 hours, briefly standing out as one of the few altcoins in the green as much of the market cooled off following Bitcoin’s slide to $85,700 early Tuesday. Traders pointed to positive sentiment around a recent exchange listing as a key short-term catalyst: on Dec. 10, Biconomy added an XDC/USDC spot pair, which helped spur fresh demand.
But the technical picture is mixed. On the daily chart XDC still shows a clear downtrend. The Chaikin Money Flow (CMF) indicates notable capital outflows, signaling selling pressure, while the MACD has been neutral-to-bearish with both lines trading below zero. Adding to the downside bias, XDC closed the Dec. 14 daily candle below the prior lower high at $0.0475 — a move that continued the bearish structure on the longer timeframe.
Intraday action told a different story. On the 1-hour chart, a strong bullish impulse on Dec. 15 pushed XDC up to a local supply zone around $0.051, but that rally ran into resistance and the token has since retraced roughly 4.2% in under 24 hours. The hourly CMF showed meaningful buying pressure during the spike, even as the MACD posted a bearish crossover, underscoring the tug-of-war between short-term buyers and prevailing bearish momentum.
What traders should watch
- Immediate support: $0.0487 — holding this level could allow a renewed push back toward $0.051.
- If $0.0487 fails, the hourly structure would flip decisively bearish, opening targets at the swing low near $0.046 and a Fibonacci extension around $0.044.
- Macro risk: given Bitcoin weakness and broad market fear, the odds favor further downside unless longer-term indicators improve.
Bottom line: XDC’s recent pop was encouraging for short-term bulls, but the daily chart and volume metrics still favor sellers. Short-term bounces are possible, yet traders should be cautious and prioritize risk management until the longer-term structure shows signs of reversal.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency trading carries significant risk; do your own research before making any decisions. © 2025 AMBCrypto
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