Is It Too Late to Buy XDC Network? XDC Price Jumps 100% in 2 Weeks But Crypto Whales are Buying This Other Coin – Here’s Why
Leading enterprise-aimed layer-1 blockchain XDC Network appears to be breaking out, following an impressive +100% pump in price over the past week.
The EVM-compatible blockchain ignited into life on July 18 as interest surged in conjunction with ETH Barcelona and ETH Toronto.
XDC Price Analysis: Is XDC Network Destined For Major Breakout?
Following the surging price action, XDC is currently trading at $0.071 (a 24-hour change of -3.93%).
TradingView / XDC USD
The -20% downtick in price comes due to local retracement moves after topside rejection from the upper trendline around $0.09.
This is little cause for concern, and remains characteristic of the aftermath following a significant price move up to a new resistance level.
Critical, XDC is still trading high above moving average levels, with the 20DMA still ascending to catch-up with price at $0.051.
While the 200DMA, which had provided steadfast support for technical structure for much of 2023, remains low at $0.035.
Indicators could raise some cause for concern following the +200% rally since mid-July.
On the recent push up XDC’s RSI overheated to an alarming degree, with significant bearish divergence at 73.41 signalling that XDC Network might be highly overbought and due a correction.
The MACD stands emboldened by the upside swing, contrasting the RSI with bullish divergence at 0.0017.
TradingView / XDC USD
Despite the significant upswing, XDC’s risk: reward profile suggests that it might not be too late to buy XDC Network.
With the risk: reward at 1.5, upside potential is targeting resistance around $0.09 (+23.5%), whereas downside risk could see a drop down to lower support at (-15.3%).
Yet, with XDC in a precarious position on the price chart, many are looking to secure gains by rotating profits out of over-burdened Meta Mask wallets and into other lucrative plays.
Gaining Pop Culture Traction: Meet Shibie
Source / Shibie
There’s a new pup in town, and it’s gearing up to leave a paw print so indelible that you’ll be talking about it for years to come.
Meet Shibie, the glamorous Shiba Inu-Barbie crossbreed ready to take the crypto space by storm – yes, you heard right. Hollywood’s blockbuster sensation Barbie and the ever-viral Shiba Inu have joined forces in the form of this disruptive token, set to redefine the meme coin space.
Without wasting a second, the Shibie presale is on with almost $100,000 already raised, and with 60% of supply on offer, tokens are priced at an alluring $0.000167, there’s simply no time to waste.
Remember, we’re talking about raising a small seed funding round of $999,999, which could sell out in the blink of an eye considering the buzz around Shibie. So, make your move, and make it fast.
The $SHIBIE Price Pump: Sky’s The Limit With CEX Launches Planned
Source / Shibie
With 1,000x gains or even more on the horizon, Shibie is set to outshine even the brightest stars in the crypto market.
What sets Shibie apart is its unique fusion of two cultural icons – the Shiba Inu and Barbie, creating an alluring charm that’s hard to resist.
This playful union of whimsy and glamor, encapsulated in a single token, is sure to captivate audiences and break boundaries as Barbie smashes the 15-year old box office record.
Dedicated to creating a diverse and inclusive community, the Shibie team has allocated 20% of the $SHIBIE token supply to DEX liquidity and 10% to centralized exchange (CEX) liquidity.
This strategy ensures smooth trading conditions right from its initial launch while widening $SHIBIE’s reach.
Barbenheimer Will Fuel Shibie Skyrocket
📢 The wait is over! The #Shibie presale is NOW ON. Don’t miss this golden opportunity to be a part of the Shibie community from the start. Secure your future in the world of #crypto today! ⏳🐕 #Presale 💋💋💋https://t.co/BLdI0jv7ku pic.twitter.com/m5ceRYT1nT
With a massive marketing drive in the pipeline, Shibie is all set to make headlines.
The team’s strong focus on liquidity and clever marketing ensures a vibrant presence across various media platforms, making Shibie the talk of the town.
Be a part of the Shibie revolution – seize the opportunity, invest in the presale, and make your mark in the crypto meme coin vertical.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.