The XDC token recorded a notable 12% price appreciation following its recent listing on cryptocurrency exchange Binance US, momentarily challenging the $0.10 resistance level. Although the token experienced a slight retracement afterward, it remains positioned above the critical 20-day Exponential Moving Average, with robust support identified in the $0.085–$0.088 price range.
Technical analysis indicates potential for further gains should XDC maintain current momentum, with traders monitoring resistance levels at $0.11 and $0.12. Conversely, failure to hold the $0.085–$0.088 support zone could trigger a downward retest of the $0.080 price point.
Fundamental developments bolster this technical outlook, particularly XDC Network’s integration with cross-chain interoperability protocol LayerZero. This upgrade enables frictionless asset transfers between XDC Network and major blockchains including Ethereum and Solana, enhancing liquidity accessibility for decentralized applications.
Growing institutional adoption prospects contribute to positive sentiment, highlighted by the introduction of the 21Shares XDC Network Exchange-Traded Product. A strategic partnership with digital securities platform Archax also positions the network for compliance with Europe’s Markets in Crypto-Assets (MiCA) regulatory framework.
Market participants anticipate that these technical and fundamental advancements could sustain upward price pressure if current support levels hold amid broader recovery signals in the cryptocurrency sector.