After a week of consolidation, XDC raised a strong movement, fed by new partnerships that were designed to stimulate acceptance.
According to data from Crypto.news, XDC Network (XDC) rose by 10% to reach an intraday height of $ 0.072 on 20 March during the afternoon trade session in Asia. This outbreak pushed the resistance level of $ 0.07 that had held last week.
At the time, the market capitalization of XDC was more than $ 1.1 billion, while the daily trade volume was 25%and almost $ 40 million floated.
XDC’s win today came as an excitement built around his newest partnership With Mercado Bitcoin, one of the largest cryptocurrency exchanges in Brazil.
The two companies have worked together to expand the Real-World Asset token Market and use the blockchain infrastructure of XDC Network to bring MB’s Tokenized investment products to a global audience.
XDC investors respond positively to the news and see it as a switch to a broader institutional acceptance of tokenized assets with the total market capitalization of RWA tokens, excluding stablecoins, now at $ 18.3 billion, according to data aggregator rwa.xyz.
Moreover, XDC wins traction from another important development – the launch of the XDC payment program in Seoul. In collaboration with Plugandplay APAC, this initiative is intended to connect the best Web3 startups, developers and innovators from Korea with the blockchain solutions of the XDC Network.
Given the flowering blockchain ecosystem of South Korea, this launch is expected to stimulate further acceptance and visibility for XDC.
Plugandplay also announced the very first XDC Network RWA Accelerator, set to launch on March 18, 2025. Of the 100 applicants, 11 top projects have been selected to integrate with the XDC network, where new use cases are set in RWA-Tokenization.
XDC -Price analysis
Technical indicators suggest that the XDC could see more profit in the coming days.
On the USDT graph of 4 hours, XDC broke past the resistance level of $ 0.07 that was held last week.
The Altcoin also looks like he is preparing for a large bullish reversal, because it is about to break from the falling parallel channel in which it is stuck for almost five weeks. If it knew this level with a strong momentum, we could see a solid bee formation.
The Aroon Up indicator is at 92.86%, while the Aroon Down is 42.86%, which confirms a strong purchasing pressure and indicates a dominant bullish trend. Moreover, the MACD lines point up, indicating that buying Momentum is heavier than the sales pressure, which further supports the bullish outlook.
If XDC breaks above the falling parallel channel, it is expected to continue its rally to test the psychological resistance level of $ 0.080. A successful outbreak above this level can push the Altcoin even higher, so that the level of $ 0.103 this year was reached again this year.
At the time of the press, XDC had risen by 6.3%and exchanged hands with $ 0.070 per coin.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
