Overview
XDC has broken through the neckline of a double-bottom pattern on the weekly timeframe, a powerful bullish reversal signal.
Key Highlights:
Strength in Corrections: Despite market turbulence, XDC has shown notable resilience, breaking out of the accumulation phase.
Target Price: This breakout could pave the way for a move toward $0.40, supported by strong momentum.
Why It Matters: XDC’s positioning as a blockchain for enterprise use cases is gaining traction, adding fundamental support to this technical breakout.
Precautionary Note:
Monitor for a retest of the neckline. If the price fails to hold this level, the breakout could lose momentum.
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