XDC Defies Market Trend, Surges 7% Amid Short Pressure

BE[IN]CRYPTO01-09 20:00

XDC token surges 7%, defying market trends; technical indicators signal continued upward momentum. Rising On-Balance Volume underscores strong buying interest, signaling a potential extension of XDC'...

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technical indicators signal continued upward momentum. \nRising On-Balance Volume underscores strong buying interest, signaling a potential extension of XDC'...</p>\n\n<a href=\"https://beincrypto.com/xdc-price-defies-market-trend/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://beincrypto.com/xdc-price-defies-market-trend/","article_id":"2502019368","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2025/01/bic_altcoins-covers_coins_bullish-850x478.jpg.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502019368","pubTimestamp":1736424000,"columns":[],"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"XDC token surges 7%, defying market trends; technical indicators signal continued upward momentum.Rising On-Balance Volume underscores strong buying interest, signaling a potential extension of XDC's uptrend.Negative funding rate reveals short pressure, creating a potential short squeeze that could push XDC’s price to $0.10.The XDC Network token has defied the broader market trend, climbing 7% in the past 24 hours to become the top gainer among major cryptocurrencies.With strong bullish momentum, XDC looks set to extend its rally in the short term. This analysis examines recent market trends and highlights potential price targets for the altcoin.XDC currently trades above the dotted lines of its Parabolic Stop and Reverse  indicator. This indicator tracks an asset’s price trends and identifies potential reversals by plotting dots above or below an asset’s price.However, many XDC futures traders are challenging the uptrend, as evidenced by the token’s negative funding rate. Currently at","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","SAR":"Saratoga Investment Corp"},"translate_title":"XDC逆市场趋势，在空头压力下飙升7%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAR":1},"content_text":"XDC token surges 7%, defying market trends; technical indicators signal continued upward momentum. \nRising On-Balance Volume underscores strong buying interest, signaling a potential extension of XDC's uptrend. \nNegative funding rate reveals short pressure, creating a potential short squeeze that could push XDC’s price to $0.10.\n\nThe XDC Network token has defied the broader market trend, climbing 7% in the past 24 hours to become the top gainer among major cryptocurrencies.\nWith strong bullish momentum, XDC looks set to extend its rally in the short term. This analysis examines recent market trends and highlights potential price targets for the altcoin.\nXDC Sees Surge in Demand on the Daily Chart\nXDC currently trades above the dotted lines of its Parabolic Stop and Reverse (SAR) indicator. This indicator tracks an asset’s price trends and identifies potential reversals by plotting dots above or below an asset’s price. \nWhen the asset’s price trades above the SAR dots, it suggests it is in an uptrend, signaling bullish momentum. Conversely, if the price drops below the SAR dots, it indicates a downtrend or bearish reversal may be underway.\nTherefore, the setup of XDC’s Parabolic SAR indicator reflects the bullish sentiment toward it among market participants, hinting at more gains in the short term. \nXDC Parabolic SAR. Source: TradingView\nMoreover, XDC’s rising On-Balance-Volume (OBV) confirms the growing demand for the altcoin. At press time, this momentum indicator, which measures an asset’s buying and selling pressure, is in an upward trend at 217.06 million.\nWhen an asset’s OBV climbs like this, it suggests strong buying interest, often signaling a continuation of an uptrend.\nXDC OBV. Source: TradingView\nHowever, many XDC futures traders are challenging the uptrend, as evidenced by the token’s negative funding rate. Currently at -0.06, this reflects a strong demand for short positions.\nThe funding rate is a periodic fee exchanged between traders in perpetual futures markets to balance long and short positions, based on the difference between the contract price and the spot price. A negative funding rate means short positions are paying longs, indicating bearish sentiment and that traders expect the asset’s price to decline.\nXDC Funding Rate. Source: Coinglass\nXDC Price Prediction: Short Squeeze Looms as Bullish Momentum Builds\nIf bullish momentum continues, XDC’s short sellers could face a squeeze. In that scenario, its price could touch $0.10, triggering the liquidation of some short positions.\nXDC Price Analysis. Source: TradingView\nHowever, if buying pressure weakens, XDC’s price could retreat to $0.07, offering profits to short traders.\n\n\n\n\nBest crypto platforms in Europe | January 2025\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nCoinrule\nExplore\n                      \n\n\n\n\n\nUphold\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nChain GPT\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | January 2025\n\n\neToro\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nChain GPT","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2502019368"}