{"id":121394,"date":"2023-07-12T13:57:12","date_gmt":"2023-07-12T13:57:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/xdc-coin-may-tank-30-crypto-news\/"},"modified":"2023-07-12T13:57:15","modified_gmt":"2023-07-12T13:57:15","slug":"xdc-coin-may-tank-30-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xdc-coin-may-tank-30-crypto-news\/","title":{"rendered":"XDC Coin May Tank 30%\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>XDC Network price is trending lower, just like most of the other altcoins.  The price has recently faced rejection from the range highs after a failed breakout attempt.  The technical analysis reveals that there is a potential 30% downside for XDC coin if the price doesn&#8217;t break above range highs soon.<\/p>\n<p>Cryptocurrencies are experiencing increased volatility on Wednesday due to the release of June CPI data.  BTC price once again failed to break above its $31,000 resistance level.  However, the XDC coin showed a positive price action and was up 2.73% before the start of the New York session.<\/p>\n<h2 class=\"wp-block-heading\">XDC Network TVL Tanks<\/h2>\n<p>In my last analysis of XDC crypto, I reported a strong surge in the total locked value (TVL) on the XDC blockchain.  The exact opposite is the case right now, as the TVL has plummeted by 40%.  Currently, there is only $2.72 million locked on the blockchain.  Just three months ago, the same figure stood at $4.4 million.<\/p>\n<p>The exact reason for the ongoing bearish momentum in the XDC network price is still unknown, but its chart provides a plausible explanation.  A possible factor indirectly affecting the price action could be the recent increase in Bitcoin dominance.<\/p>\n<figure class=\"wp-block-image size-full\"><noscript><img loading=\"lazy\" decoding=\"async\" width=\"852\" height=\"547\" src=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-73.png\" alt=\"XDC Network TVL\" class=\"wp-image-174483\" srcset=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-73.png 852w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-73-300x193.png 300w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-73-770x494.png 770w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-73-293x188.png 293w\" sizes=\"auto, (max-width: 852px) 100vw, 852px\"\/><\/noscript><figcaption class=\"wp-element-caption\">XDC Network TVL<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">XDC Network Price Prediction<\/h2>\n<p>In my last <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.investingcube.com\/xdx-price-prediction-xdc-can-still-pump-another-20\/\">forecasts<\/a>, I predicted a 20% price increase for the XDC coin.  While the price reversed before hitting my price target of $0.05, it still gave 10% returns from those levels.  The latest technical analysis shows that the price is once again back in the accumulation range after a failed breakout.<\/p>\n<p>My XDC Network price prediction will flip bearish if it breaks below the $0.025 level, which is the midpoint of the current range.  In such a case, I expect a retest of the range lows which lie at $0.022.  this will be almost a 30% drop from the current price.  However, if the $0.03 level holds, the price may retest range highs around $0.038 once again.  The latter scenario will only play out if the BTC dominance starts to decrease.<\/p>\n<p><em>I&#8217;ll keep posting my updated XDC analysis and my personal trade setups on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Sarwariat\">Twitter<\/a>where you are welcome to follow me.<\/em><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" decoding=\"async\" width=\"1024\" height=\"442\" data-lazy-src=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-1024x442.png\" alt=\"XDC Network price chart\" class=\"zeen-lazy-load-base zeen-lazy-load wp-image-174484\" data-lazy-srcset=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-1024x442.png 1024w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-300x130.png 300w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-770x332.png 770w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-1536x663.png 1536w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-293x126.png 293w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-1400x604.png 1400w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74.png 1793w\" data-lazy-sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"442\" src=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-1024x442.png\" alt=\"XDC Network price chart\" class=\"wp-image-174484\" srcset=\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-1024x442.png 1024w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-300x130.png 300w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-770x332.png 770w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-1536x663.png 1536w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-293x126.png 293w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74-1400x604.png 1400w, https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/07\/image-74.png 1793w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/noscript><figcaption class=\"wp-element-caption\">XDC Coin Chart<\/figcaption><\/figure>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XDC Network price is trending lower, just like most of the other altcoins. The price has recently faced rejection from the range highs after a failed breakout attempt. The technical analysis reveals that there is a potential 30% downside for XDC coin if the price doesn&#8217;t break above range highs soon. Cryptocurrencies are experiencing increased [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":97716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-121394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=121394"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121394\/revisions"}],"predecessor-version":[{"id":121395,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121394\/revisions\/121395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/97716"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=121394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=121394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=121394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}