XDC breaks out of multi-week downtrend amid ecosystem developments

After a week of consolidation, XDC made a strong movement upwards, fueled by new partnerships designed to stimulate adoption.

According to Crypto.News data, XDC network (XDC) increased by 10% to an intra-day summit of $ 0.072 on March 20 during the afternoon negotiation session in Asia. This escape exceeded the resistance level of $ 0.07 which held last week.

At the time, XDC’s market capitalization amounted to more than $ 1.1 billion, while the daily negotiation volume increased by 25%, oscillating almost $ 40 million.

XDC earnings today came when excitement was built around its last partnership With Bitcoin Mercadoin, one of the biggest exchanges of Brazil cryptocurrency.

The two companies have teamed up to extend the market for real asset tokens, taking advantage of the Blockchain Infrastructure of XDC Network to provide tokénized investment products from MB to a global audience.

XDC investors react positively to news, seeing it as an evolution towards a broader institutional adoption of tokenized assets with the total market capitalization of RWA tokens, excluding Stablecoins, now at 18.3 billion dollars, according to the data aggregator Rwa.xyz.

In addition, XDC is gaining ground from another major development – the launch From the XDC payment program to Seoul. In partnership with Plugandplay APAC, this initiative aims to connect the best startups, developers and Korea Web3 innovators with the Blockchain Company Blockchain Solutions of XDC Network.

Given the ecosystem of the booming blockchain of South Korea, this launch should lead to additional adoption and visibility for XDC.

Plugandplay also announced the very first Rwa Network accelerator, which will take place on March 18, 2025. Out of 100 candidates, 11 higher projects were selected to integrate into the XDC network, pioneer New use cases in the RWA tokenization.

XDC price analysis

The technical indicators suggest that the XDC could see more gains in the coming days.

On the 4 -hour USDT graph, XDC exceeded the resistance level of $ 0.07 which held last week.

Altcoin also seems to be preparing for a major bullish reversal, because it is about to get out of the descending parallel channel in which it has been stuck for almost five weeks. If it erases this level with a strong dynamic, we could see a solid rise in solid rise.

The Aroon Up indicator is 92.86%, while the Down Aroon is 42.86%, confirming high purchase pressure and signaling a dominant bullish trend. In addition to this, the MacD lines point upwards, indicating that the purchase of the momentum is prevailing on the sale pressure, supporting more upward perspectives.

If XDC breaks above the descending parallel channel, it should continue its gathering to test the level of psychological resistance of $ 0.080. A successful escape above this level could push the Altcoin even higher, potentially restoring the level of $ 0.103 which he reached for the last time in mid-February this year.

At the time of the press, XDC was up 6.3%, exchanging hands at $ 0.070 per room.