<em><strong>The XDC Technical Analysis shows a bull run from the 50-day EMA sustaining the uptrend and highlights the possibility of a jump to the $0.036 mark.</strong></em>

The XDC price action displays a rising trend in the daily chart, increasing the possibility of a double-bottom pattern. However, the bearish divergence in the RSI slope warns of a downtrend continuation. So, should you reconsider holding Xinfin?
<h3>Key Points:</h3>
<ul>
 	<li>The Xinfin Network price action shows a double-bottom opportunity.</li>
 	<li>The price jump breaks the 100-day EMA.</li>
 	<li>The intraday trading volume in Xinfin Network is $3.84 million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/g/Gjn72Sqi.png" alt="XDC Price Chart" width="2314" height="1139" />

Source - <a href="https://www.tradingview.com/x/Gjn72Sqi/" target="_blank" rel="nofollow noopener">TradingView</a>
<h2>XDC Technical Analysis</h2>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/xdc-technical-analysis-double-bottom-excites-xdc-holders" target="_blank" rel="noopener">previous analysis</a>, the XDC price action continues the attempt to create a double-bottom pattern. Over the last week, a bullish launch from the 50-day EMA drives the market value higher by 10% leading to three bullish candles.

The bull run breaks above the 100-day EMA and the psychological mark of $0.030 with a spike in trading volume. However, the daily candle shows a bearish influence with a 1.28% drop in the market value, reflecting a potential retracement to the 100-day EMA.

Therefore, questions about the bullish trend sustaining in the daily chart are rising, while some expect it as a retest of the broken trendline.

If the buying pressure grows over the day, the Xinfin Network market price will rise to $0.036 and complete the bullish pattern. In such a case, sideline traders can take a  breakout entry position with a target of $0.42.

On the other end, if the bearish momentum increases, a reversal will dump the XDC prices to the 100-day EMA at $0.031.
<h2>Technical Indicators</h2>
The RSI indicator shows a bearish divergence in the nearly overbought zone, reflecting weakness in the underlying bullishness. Moreover, the narrow gap between the sideways-moving MACD and signal lines displays an increase in selling pressure.

Therefore, the XDC technical analysis suggests that traders can find a selling opportunity if the daily candle closes below the 100-day EMA.

Resistance Levels - $0.036 and $0.042

Support Levels - $0.031 and $0.026

XDC Technical Analysis: Will Divergence Crash The Double Bottom?

The XDC technical analysis shows a bull run from the 50-day EMA sustaining the uptrend and highlights the possibility of a jump to the $0.036 mark.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

XDC Technical Analysis: Will Divergence Crash The Double Bottom?

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