The XDC Network token has made a significant recovery after hitting a low of 0.050 dollars at the beginning of the current week. By successfully crossing the upper level of the falling wedge pattern, highlighted in red on the four-hour chart, the pair is proving to be in favor of an uptrend. The interpretation of price action confirms that this model is one of the signs most appreciated by investors as it indicates expected growth
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As a result, the price of XDC, exceeding the 50-period moving average, is rapidly approaching the crucial resistance level of 0.058 dollars, which also represents the highest peak reached on September 8. Through the wedge figure’s decline, it’s reasonable to assume that the token will continue to increase in value, with buyers targeting the key level of $0.60
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In conclusion, this dynamic offers an interesting investment scenario for traders, with growth prospects that are sure to attract the attention of operators in the sector.