- There is a squeezing mechanism in action, with XDC trading between the VWAP levels below and the bulls eyeing the $0.093 mark on any aggressive buy actions.
- Once above $0.093, XDC could start a march toward the $0.11 mark in quick succession.
- Once below $0.093, a downward pressure will create a retest toward the $0.075 support again.
Interface XDC on a very key, technical structure; currently, it is being traded between the limit of VWAP calculated on monthly and yearly bases that has now gained some testing on the XDC lower range, which had previously acted as a key demand zone and may offer support for a bounce back. The XDC has been sliding inside these two crucial levels, with the lower VWAP support at -6.55% and the upper VWAP resistance nearby 10.47%. XDC is now undergoing support testing at this lower range, generally considered a critical demand zone for some support bounce-back.
$XDC
One of the stronger coins over the last few months
It’s currently squeezing between monthly and yearly rVWAP
Objective for bulls is to flip the $0.093 range
Otherwise stays in cautionary area of further downfall pic.twitter.com/CpxGDTRyl6
— Dom (@traderview2) March 2, 2025
Failure to reclaim back higher price levels above $0.093 may put XDC in a cautionary, waiting mode where a heavier retracement might unfold if buyers don’t intervene. The next couple of trading days, with bulls trying to turn around the $0.093 territory, will set the tone of either a breakout rally or further downfall movement.
Technical Setup of XDC- Big Composure Ahead
Price structure-wise, XDC has displayed a clear downward trend, trading below a descending resistance line. This line has contained price action since the local peak in question. A breach above this trendline would entail a likelihood for reversal, but only given that subsequent price action breaks past the nearby VWAP resistance near $0.093. This level really does exist with utmost significance, for if it is flipped into support, this continued bullish run is validated, thereby denying the recent bearish structure.
Rejection from the level will further add to the downtrend, keeping XDC at a very precarious level as it finds itself below further test at the lower VWAP support. Volume profile analysis indicates interest is still alive in the range, but confirmation will require an increase in buying pressure that would negate the given levels of selling resistance.
Reversal on the Mind of Bulls as the Key Element Remains Volume Expansion
For XDC to break its current phase of consolidation and go for higher targets, any breakout attempt has to range with increasing volume. If a buildup of buying momentum occurs and the price breaks above $0.093, then the next upside targets could go toward $0.11-$0.13, correlating to previous reaction zones.
Otherwise, if XDC fails to generate robust volume and remains under resistance, the downward risks increase significantly for another test of lower support near $0.075. The last line of defense is the VWAP for the past 12 months; if this doesn’t hold good, extended bearish pressure may continue. Yet, if buyers enter seriously at these levels, a reversal possibility will pop into play as history dictates favorable risk rewards to bulls.