Key Takeaways
- XDC sits on the 0.618 retracement and key structure.
- A completed A-B-C correction is still unfolding.
- A breakout from the blue demand zone may fuel wave 3.
XDC is trading above a key support zone following a prolonged correction.
The price structure suggests a potential wave-based reversal, with confluence from Fibonacci levels.
As the token consolidates, it’s approaching a make-or-break level that will likely determine the next major trend direction.
XDC Price Analysis
The higher time frame for XDC (4-hour chart) illustrates a prolonged correction following a five-wave advance that peaked around $0.158.
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After forming a descending wedge pattern between January and March 2025, XDC broke out with a swift bullish move, aligning with typical post-corrective behavior.
However, the breakout failed to sustain momentum past the 0.618 Fibonacci retracement level ($0.076), resulting in sideways price action beneath structural resistance.
XDC is hovering below the 0.618 Fib retracement at $0.0740, which aligns with a key horizontal structural zone formed by previous support.
This zone also acted as a cluster for several consolidation attempts between February and April, reinforcing its relevance.
The Relative Strength Index (RSI) remains neutral, slightly recovering from oversold territory.
This suggests potential for further upside if a catalyst emerges.
The prevailing structure shows a completed W-X-Y correction, followed by an impulse up and current pullback, which could be forming a higher low.
The macro low remains valid at $0.0545 (0.786 Fib), but a sustained close below $0.070 would invalidate the bullish recovery thesis and reopen room for deeper retracement.
XDC Price Prediction
Zooming into the 1-hour chart, the Elliott Wave count suggests that XDC completed a five-wave impulse up, peaking just above $0.083 (wave v), and has since entered a standard A-B-C corrective pattern.
Wave a concluded around $0.0705, and a mild wave b bounce unfolds.
If the current count is accurate, wave C could push the price lower, potentially into the $0.065–$0.060 support cluster, before the next leg up resumes.
The RSI is rebounding from oversold, indicating temporary relief; however, the current bounce lacks volume confirmation, suggesting it may be part of a corrective structure rather than a trend reversal.
Should wave C complete into the key demand zone (highlighted blue), this would offer a textbook long re-entry opportunity aligned with Fib confluence and previous structural support.
If the bulls hold the 0.618 zone and push higher, a next wave extension could target the 0.5 Fib retracement at $0.0921, followed by the 0.382 at $0.1076.
Conversely, failure to reclaim the $0.078–$0.080 area may result in further bleed-out toward the 0.786 Fib at $0.0545.
Key Levels to Watch
- Immediate Support: $0.076 (0.618 Fib confluence).
- Structural Demand Zone: $0.065–$0.060 (prior breakout base).
- Macro Low: $0.0545 (0.786 retracement).
- Immediate Resistance: $0.0785–$0.0800 (wave b rejection level).
- Wave V Extension Target: $0.0921 and $0.1076 (0.5 & 0.382 Fib).
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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