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The XDC Network price rose 4%, reaching $0.051398 at 6:05 a.m. EST, even as trading volume slumped 34% to $6.2 million.
How High Can XDC Network Price Go?
XDC’s price has recently shown signs of recovery at the $0.044 support level after it fell from the $0.067 resistance level, which had erased most of the gains made by the bulls. However, this rebound was short-lived as the price was swiftly rejected at the same level, which halted the bulls’ progress.
Despite this, the bullish momentum remains strong, steadily pushing the price upwards and surpassing the 50-day simple moving average (SMA). Currently, both the 50-day and 200-day moving averages are positioned below the price, showing the bullish sentiment remains robust and persistent.
The 200-day SMA aligns with the $0.044 support level, which serves as a strong foundation for the XDC price to rebound from. In addition, the Relative Strength Index (RSI) is trading above the 50-level mark, showing intense buying pressure that might drive the RSI to the overbought region of 70.
The bulls must gather significant strength to recover their previous losses, surpass the 50-day SMA, and potentially reach levels as high as $0.09. If the bulls struggle to maintain their momentum, this could open the door for the bears to push the price back down to the support zone at $0.044.
Investors looking for an alternative to XDC while waiting for a favourable entry point could explore the TG.Casino presale project, which has made notable progress in funding.
TG.Casino Presale Surpasses $1.6 Million: Buy Fast
The TG.Casino (TGC) presale has achieved an impressive feat by raising $1,611,319, almost 65% of the TGC team’s soft cap of $2.5 million.
Crypto VO, a highly influential YouTuber with a massive following, has officially endorsed the TG.Casino project.
His endorsement is a proper validation of the project’s potential, and is likely to boost its momentum.
We have passed the $1.6 million checkpoint🎰$TGC is blowing up! pic.twitter.com/1RriRQSHPU
— TG Casino (@TGCasino_) October 31, 2023
One of the critical features of the TGC token is that 40% are designated for burning, which introduces a deflationary element to the system. This means that over time, the total supply of tokens will decrease, potentially increasing the value of each token.
The remaining 60% of the tokens are intended for rewarding stakeholders and supporting the ongoing maintenance and sustainability of the TG.Casino ecosystem. This approach not only offers a unique opportunity for growth but also fosters community engagement and involvement.
Hurry Get TGC Now, Price at $0.15, Enjoy 25% Cashback
The TGC token presale is now priced at $0.15. Take advantage of this opportunity to earn big by purchasing TGC tokens and staking.
You can enjoy a whopping 25% cashback offer on your net betting losses, helping to enhance your experience on the platform and also giving you substantial rewards.
The presale price for $TGC tokens has risen to $0.15, making early adopters' holdings even more valuable 🚀
Congratulations to those who secured their TGC at lower prices 🙌 pic.twitter.com/AXzYPZdPvS
— TG Casino (@TGCasino_) October 31, 2023
Investors are abuzz about TG.Casino’s impressive annual percentage yield (APY) of 319%. With 78.83% of the total token supply already staked – 12.3 million tokens – users have already received 2,891,066 rewards.
Connect your Web 3 wallet to the official TGC Token website today and get your hands on TGC tokens. You can use ETH (Ethereum) or USDT (Tether). With such high APY and significant rewards, you don’t want to miss out.
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