XinFin is an enterprise-ready hybrid blockchain technology company optimized for international trade and finance. The XinFin network is powered by the native coin called XDC. The XDC protocol is architected to support smart contracts, 2000TPS, 2 seconds of transaction time, KYC to Masternodes (Validator Nodes). 

Let us see how the technical analysis of XDC will perform.
<h2>Past Performance</h2>
The XDC price chart was on a downtrend for the last 3 months. Recently, the price has started to <a href="https://www.cryptoknowmics.com/news/xdc-technical-analysis-wait-for-the-price-to-break-previous-resistances-as-downtrend-continues/">stabilize</a>. The last several days have witnessed the movement of the price within a box. 

XDC opened on November 6, 2021, at $0.09492. It closed on November 12, 2021, at $0.09708. This was a change of 2.275% across the week. Thus, the price remained relatively stable during the last week as well. 

<img src="https://s3.tradingview.com/snapshots/l/Lnki0toY.png" alt="TradingView Chart" />

Source: <a href="https://www.tradingview.com/x/Lnki0toY/">https://www.tradingview.com/x/Lnki0toY/</a> 
<h2>XDC Technical Analysis</h2>
After a long downtrend, the price chart has entered a box. This can be seen as the movement of the price over the last several days is restricted between the resistance at $0.098 and the support at $0.089. Currently, XDC is trading at $0.0949, which is 0.21% higher than yesterday’s close. Let us look at what the oscillators are showing us. 

The OBV is showing that the buying pressure and the selling pressure, both are balanced, and thus they are not putting pressure in any particular direction on the price. 

The RSI is below the equilibrium level at 43.6. However, it is moving towards the equilibrium level, which is again a neutral signal. This indicates traders to hold their current positions as the side-wise movement will continue for a while.

The MACD graph is showing a quite different signal. Both the MACD line and the Signal line are moving upwards, while the distance between them is increasing. Thus, giving a bullish signal. 

XDC Network has introduced XinFin DPoS 2.0, the proposed next-generation decentralized consensus engine for the XinFin XDC Network. Built upon the most advanced BFT consensus protocol, this upgrade will empower the XDC Network with military-grade security and performance while consuming extremely low resources and will be fully backward-compatible in terms of APIs. It will also pave the road to the future evolution of the XDC Network. 
<h2>Day-Ahead and Tomorrow</h2>
XinFin's value is expected to continue to expand, as shortage tends to encourage price rise. Please note, there is some risk to any investment. Just invest in what you can accomplish before coming to any conclusions.

The Fibonacci retracement is again showing that the XDC price is moving between two levels. These are at $0.08 and $0.1. 

Thus, the oscillators are suggesting that the price is likely to remain stable in the coming days. The traders may hold their current position and wait for the price to come out of the box. Meanwhile, they can place a stop-loss at $0.0875. If the price breaks the box on the upper side, a target can be kept at $0.1050

XDC Technical Analysis: Fibonacci Retracement Is Again Showing Price Movement Between $0.08 and $0.1

XDC oscillators are suggesting that the price is likely to remain stable in the coming days. The traders may hold their current position and wait for the price to come out of the box. Meanwhile, they can place a stoploss at $0.0875. If the price breaks the box on the upper side, target can be kept at $0.1050

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

XDC Technical Analysis: Fibonacci Retracement Is Again Showing Price Movement Between $0.08 and $0.1

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