XDC Network (XDC) Price Analysis and Prediction

XDC Network price continued its strong bull run, reaching its highest level since June 2022 as its ecosystem expanded rapidly.

The XDC Network (XDC) price continued to soar on February 21, reaching its highest level since June 2022 amid rapid expansion in its ecosystem.

The XDC token price reached a high of $0.1240, surging by 427% from its lowest level in 2024. This rally brought the token’s market capitalization to over $1.7 billion.

The rally occurred as the total value locked (TVL) in the XDC Network ecosystem hit a record high of $31.4 million, up from a low of $3 million last year. Among the biggest contributors to the ecosystem are Fathom, XSwap Protocol, Wefi, and Prime Staking.

XDC Network integrations, key takeaways

This month, several notable projects have integrated with the XDC Network, including PillarX and Globiance. Furthermore, developers are increasingly attracted to the network due to its superior features compared to Ethereum (ETH).

The XDC Network can handle up to 2,000 transactions per second (TPS) with extremely low transaction costs, averaging $0.00001 per transaction. It is also more energy-efficient than most blockchains.

With the potential for further exchange listings on major platforms like Binance, OKX, and Coinbase, we could see a potential catalyst for further price gains.

XDC Network price analysis: Past performance

A daily analysis of XDC reveals a strong uptrend over the last few months, rising from a low of $0.0211 in August to the current price of $0.1200. This rally follows the formation of a golden cross pattern, where the 50-day Exponential Moving Average (EMA) crossed above the 200-day EMA, which is typically considered a bullish technical signal.

XDC also broke above a key resistance level at $0.1080, which was the highest swing point since Dec. 7. This breakout invalidated a potential double-top pattern that was forming.

The Awesome Oscillator (the difference between the 34-period and 5-period simple moving average) has remained above the zero line since Jan. 4, indicating sustained positive momentum.

Moreover, the MVRV-Z score, which measures whether an asset is overvalued or undervalued, stands at 2.6. In technical analysis, a score below 3.8 suggests that the token is still relatively undervalued.

Given these observations, XDC is likely to continue its upward trend, with bulls eyeing the next psychological resistance at $0.1500. However, a drop below the key support level at $0.10 would invalidate the bullish outlook.