XDC Network (XDC) has gained for two consecutive days, rebounding from a trendline support that has been intact for the past two weeks. This recovery is driven by continued whale accumulation and strong long positioning, setting sights on a potential move towards the $0.037 resistance level.
The token's recent bounce was supported by an ascending trendline, with buyers stepping in as the price revisited this area. XDC is now trading above key Exponential Moving Averages (EMAs) on the daily chart, indicating a positive shift in momentum. Additionally, futures traders are showing bullish sentiment, with long positions accounting for 66% of total exposure, further supporting the potential for a rally towards $0.037.
The combination of whale accumulation and bullish futures positioning suggests that buyers are maintaining momentum, with the focus now on whether this recovery can push XDC to the next resistance zone.
XDC Network Eyes $0.037 as Whale Accumulation Boosts Momentum
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