The XDC coin price loses bearish momentum in the falling channel pattern with the increasing possibility of a bullish reversal.

XinFin is a hybrid blockchain technology company that is optimized for international finance and trade. The system is powered by the native cryptocurrency known as XDC. 

The protocol is designed to work with Smart Contracts, 2000 TPS transactions per seconds. The XDC Chain makes use of XinFin delegated proof of stake and its goal of creating a 'highly-scalable and secure, as well as permission-based and commercial grade' blockchain.

Let us move ahead to read about XDC technical analysis.
<h2>Past Performance of XDC</h2>
The <a href="https://www.cryptoknowmics.com/news/xdc-technical-analysis-moving-in-profitable-zone-uptrend-is-strong/">XDC</a> coin price sustains a bearish momentum within the falling channel pattern in the daily chart. The coin price has decreased by 55% since the start of the falling channel on 21st August. However, the 35% fall in the intraday trading volume shows a lack of bearish commitment.

<img src="https://s3.tradingview.com/snapshots/2/2YtzCxVR.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/2YtzCxVR/">XDC/USD Daily Chart</a>
<h2>XDC Technical Analysis</h2>
The recent downfall from $0.11 close to the resistance trendline of the falling channel results in a 20% downfall in the last week. Therefore, the increasing bearish trend momentum is evident by the downfall and indicates a fallout of $0.080.

The coin price struggles to rise above the overcome selling pressure at the 50-day EMA as the rejection keeps the price under a downtrend. Moreover, the EMAs maintain a bearish alignment which will provide dynamic resistance to any bullish attempts.

The XDC price action indicates resistance at $0.11 and $0.14 above the descending channel pattern. The support levels are at $0.080 and $0.060 within the channel.

The RSI indicator at 48% shows the slope struggling near the 50% line and attempts to break above it. The 14-day SMA line keeps a sideways movement in the nearly overbought zone. Therefore, the indicators project a potential bullish move shortly.

The Stochastic RSI indicator shows a sharp reversal in the K line, resulting in the bullish crossover with the D line in the oversold region. 
<h2>Upcoming Trend</h2>
The XDC technical analysis shows a solid downtrend in action evident by the falling channel in the daily chart. However, the support from the horizontal level at $0.080 keeps the bullish flame alive. Moreover, the technical indicators side with the bullish side.

Therefore, a bullish reversal leading to the breakout of the falling channel is possible. However, the fallout of $0.080 will neutralize bullish sentiments and lead to a price fall to $0.060.

XDC Technical Analysis: 40% Spike Awaits Falling Channel Breakout

The XDC technical analysis shows the price losing bearish momentum in the falling channel pattern with the increasing possibility of a bullish reversal.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

XDC Technical Analysis: 40% Spike Awaits Falling Channel Breakout

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