The XDC coin price loses bearish momentum in the falling channel pattern with the increasing possibility of a bullish reversal. XinFin is a hybrid blockchain technology company that is optimized for international finance and trade. The system is powered by the native cryptocurrency known as XDC. The protocol is designed to work with Smart Contracts, 2000 TPS transactions per seconds. The XDC Chain makes use of XinFin delegated proof of stake and its goal of creating a ‘highly-scalable and secure, as well as permission-based and commercial grade’ blockchain. Let us move ahead to read about XDC technical analysis. Past Performance of XDC The XDC coin price sustains a bearish momentum within the falling channel pattern in the daily chart. The coin price has decreased by 55% since the start of the falling channel on 21st August. However, the 35% fall in the intraday trading volume shows a lack of bearish commitment. XDC/USD Daily Chart XDC Technical Analysis The recent downfall from $0.11 close to the resistance trendline of the falling channel results in a 20% downfall in the last week. Therefore, the increasing bearish trend momentum is evident by the downfall and indicates a fallout of $0.080. The coin price struggles to rise above the overcome selling pressure at the 50-day EMA as the rejection keeps the price under a downtrend. Moreover, the EMAs maintain a bearish alignment which will provide dynamic resistance to any bullis...
