XDC Network Sees 94.5% Increase in Active Addresses Amid Overall Crypto Activity Drop
XDC Network Growth: The XDC Network has experienced a 94.5% increase in monthly active addresses, reaching 34,600 users, contrasting with declines in established networks like Ethereum and Bitcoin.
Ecosystem Developments: The growth is attributed to the onboarding of the GoodDollar protocol, which added 15,000 participants, and the launch of the USDC stablecoin on major exchanges, enhancing institutional engagement.
Utility-Driven Adoption: XDC's focus on enterprise applications, including compliance with banking standards and efficient transaction processing, positions it favorably against competitors amid a bearish market.
Market Dynamics: The current market downturn is highlighting the distinction between speculative and utility-driven blockchain growth, with XDC's performance suggesting a shift towards networks that address specific infrastructure needs.
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Technical Analysis for XDC
Technical Sentiment Analysis for XDC Network (XDC) As of , XDC Network (XDC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XDC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XDC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XDC Network (XDC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0201 | 0.0248 | 0.0302 | 0.035 | 0.0404 | 0.0452 | 0.0506 |
| Fibonacci | 0.0248 | 0.0287 | 0.0311 | 0.035 | 0.0389 | 0.0413 | 0.0452 |
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