XDC (XDC Network) rose 5.99% in the last 24 hours.

Gate News Bot news, July 10, according to CoinMarketCap data, as of the time of writing, XDC (XDC Network) is currently priced at $0.07, with a rise of 5.99% in the last 24 hours, reaching a high of $0.07 and a low of $0.06. The current market capitalization is approximately $1.121 billion, an increase of $63.4 million compared to yesterday.

XDC Network is a decentralized smart contract platform driven by the community, focused on seamless execution of enterprise-friendly use cases such as trade finance and payments. The network is a secure, scalable third-generation blockchain network, with a transaction capacity of over 2000 transactions per second, providing high throughput and low latency transactions. XDC Network supports EVM-compatible smart contracts, with transaction fees near zero and transaction confirmation times of less than 2 seconds.

Important news about XDC recently:

1️⃣ XDC has risen for seven consecutive days, approaching a breakthrough of the key resistance level The XDC price has maintained a rising trend for seven consecutive days, increasing by nearly 2% on Tuesday. The current price is close to the 200-day exponential moving average and approaching the important resistance level of 0.067. This level was tested on June 11, and a breakthrough could release more upward space.

2️⃣ The technical analysis shows a double bottom pattern, with a potential rise of up to 14% The XDC price trend shows a double bottom pattern, with the neckline at $0.067 and the baseline at $0.057. If the price can effectively break through the neckline, the theoretical rise could reach 14%, with a target price of approximately $0.077. This target is derived by measuring the distance between the baseline and the neckline and extending it upward from the potential breakout point.

3️⃣ Multiple technical indicators show enhanced rise momentum The Moving Average Convergence Divergence (MACD) indicator shows that both the MACD line and the signal line are on an upward trend and have crossed the zero line. The rising trend of the green histogram further confirms the strengthening of the pump momentum. At the same time, the Relative Strength Index (RSI) has reached 68, close to the overbought zone, indicating that buying pressure is accumulating.

It is important to note that if XDC fails to break through the 200-day moving average, it may lead to a pullback to the 50-day moving average near the $0.062 level. Investors should closely monitor the breakout situation at the $0.067 resistance level while being cautious of potential pullback risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.