XDC Technical Analysis: Buyers Bring Reversal Within Falling Channel

XDC coin price shows the bullish reversal from the support trendline struggling to rise above the 50-day EMA as the market recovers. Key technical points: The uptrend struggles at 50-day EMA. The Stochastic RSI gives an untimely bullish crossover. The 24-hour trading volume in the XinFin Token is $13 Million, marking a 45% rise. Past Performance of XDC XDC coin price action shows a long-coming falling channel in the daily chart. The altcoin’s bullish rise from the descending support trendline challenges the 50-day EMA. The breakout of the dynamic barrier will result in a price jump to the resistance confluence of the 200-day EMA and the resistance trendline. Source-Tradingview XDC Technical Analysis XDC coin price shows a 3.45% decline from the confluence of the 50-day EMA and the crucial emotional barrier at $0.055, vandalizing the bullish renewal and increasing the chances of fallout. The paramount 50 and 200-day EMAs maintain a falling trend after the recent death cross remains higher than the market price. The 50-day EMA provides an emotional barrier with the 200-day EMA moving along with the resistance trendline. RSI Indicator: The RSI slope spikes above the 50% mark after showing a sideways move along the oversold zone with the 14-day SMA. However, it must sustain in the nearly overbought zone to give a solid bullish signal. Stochastic RSI Indicator: The sharp rise in the K-Line with the following D-line after the recent...