XDC Network Price Prediction: 2024, 2025, 2030

XDC price prediction: Key highlights

1. Primary support and resistance levels

• Within the weekly time frame, a support level of $0.026 can likely be the lowest floor.
• Conversely, $0.059 proved to be the highest resistance for the token.

2. Market sentiment

• The XDC market is seen to be bearish in May 2024.

3. Predictive forecasts

• According to forecasts from our AI/ML predictive algorithms, the average price of XDC is projected to reach around $2.57 by 2029 and $176.46 by 2035.

Get an in-depth understanding of XDC’s growth trajectory via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

XDC price analysis: Can the asset bounce back from its latest drop?

The XDC Network price prediction for 2024 can be determined by the token’s fluctuating performance over the past year, with periods of both bullish rallies and bearish downturns that shaped its market trajectory.
 

At the beginning of the analysis in May 2023, XDC was experiencing a significant downtrend that culminated in the token reaching its lowest support level at $0.031 by mid-May. Attempts by the bulls to reverse the trend were halted by persistent bearish pressure, resulting in a price stagnation that lasted until mid-July.
 

The market dynamics shifted in late July when a substantial bullish rally took hold, propelling XDC’s value past its peak resistance at $0.059. However, this optimism was short-lived as a corrective pullback ensued in August, causing XDC to decline and settle below the $0.047 level by October.
 

During the following months, from October to December, the token oscillated between the $0.059 and $0.047 levels. This indicated a tug-of-war among buyers and sellers trying to establish a stable market direction.
 

Entering 2024, January saw XDC breach the $0.047 level and fall to $0.040. The token demonstrated resilience by briefly bouncing back above the $0.047 level. However, the overall market sentiment remained bearish. Another downtrend emerged by late March, driving XDC below the $0.040 mark.
 

By mid-April, XDC had returned to its lowest support at $0.031, revisiting the levels seen at the beginning of the analysis period. At the time of writing, XDC showed a slight recovery, trading at $0.037.
 

XDC’s future trajectory seems to be promising. The XDC network is partnering with FoundershipHQ for the XDCOXCamp token launch program on June 3, 2024. This program aims to help early-stage Web 3.0 startups with resources, funding, mentorship, etc. Moreover, according to CoinMarketCap, the token has witnessed a 4% price hike over the past week. 
 

If such developments continue within the network, the bulls may charge back to breach the current resistance at $0.040. In that case, the token may surpass $0.047 in a few weeks. A sustained bullish rally may lead to the token reclaiming the peak resistance at $0.059 by the end of the year.
 

However, if the bears continue to dominate the market and the selling pressure increases, the altcoin may likely fall below the lowest support of $0.031 in a couple of weeks. A stronger rally by the bears may lead to XDC reverting to the $0.026 level by Q3 of 2024.
 

Looking ahead, the AI/ML predictive models project a robustly optimistic growth trajectory for XDC. Milestones of reaching an average price of $2.57 by 2029 and potentially $176.46 by 2035 underline the long-term confidence in the altcoin’s market position.

XDC’s 2024 roadmap: Key indicators to watch and trade

• The trading volume started off as low. However, it spiked by July, and its highest peak was observed in August.
• Following this, the volume had waned significantly. Although another recovery was noted during mid-February, it plunged by mid-March. The volume was lower than its recent high at press time, but it did not stoop to its initial lows.
• The Awesome Oscillator (AO) value was above the neutral line and remained considerably high until mid-January. The highest AO value observed during the analysis stood at 0.02519.
• However, by late January, the AO had plunged beneath the neutral line and continued a southbound journey. After recovering slightly by late March, it dipped again, reaching the lowest point at -0.00957 by press time. This indicated a strong bearish momentum in the market.
• The analysis began with On-Balance Volume (OBV) experiencing a sharp drop to its lowest level at -2.47 billion, but it stabilized by mid-May. By early June, a sharp rise in OBV took it to its highest point at -1.16 billion by August.
• Following this spike, the OBV dipped slightly in late August and then stabilized until the end of the analysis. By press time, it stood at -1.73 billion, which indicated a lack of investor interest in the token.