XDB Technical Analysis: Bulls Ready To Outperform Crucial EMAs

XDB coin price shows a 50% jump within this week, resulting in an uptrend crossing above most of the EMAs and the $0.35 mark. Key technical points: The MACD and signal lines give a bullish crossover. The XDB coin price has increased by 18.34% within the last 24 hours. Finally, the 24-hour trading volume of DigitalBits is $3.51 Million, marking a 140% rise. Past Performance of XDB The XDB coin price action shows a sharp V-shaped reversal in the daily chart after the 35% downfall observed in the first week of April. However, the bulls regain their stand near $0.25, resulting in a high-momentum uptrend reaching the $0.40 mark. However, the supply-rich barrier and the sideways moving EMAs trap the bullish momentum and keep the price under the $0.40 mark. Source-Tradingview XDB Technical Analysis XDB coin price shows the bullish uptrend crossing multiple resistances last week but struggles to find a closing above $0.40. Hence, traders can expect the $0.40 breakout as an excellent buying spot. The crucial daily EMAs maintain a sideways trend in the daily chart with a choppy alignment enclosing the underlying nature of the EMAs. However, the prices trading close to the EMAs might shortly result in a bullish breakout. RSI Indicator: The daily-RSI slope shows a significant rise in the underlying bullishness, reversing from the oversold zone crossing above the 50% line. Moreover, the 14-day average line gets the bullish influence and at...