XDC Network climbed to $0.03584 after gaining 12.98% over the last 24 hours, while trading volume expanded 30.62% to $33.42M. The sharp increase followed months of compressed price action inside a broad consolidation structure.
Buyers continued defending the lower range near $0.0292 throughout April and early May before aggressive demand returned this week.
As a result, XDC reclaimed short-term strength across the market and pushed toward the upper boundary of the range.
Market capitalization also rose 12.98% to $736.58M, reflecting stronger capital inflows into the asset.
However, price still traded beneath the larger resistance zone near $0.0372, which continued limiting upside expansion during the latest rally attempt.
Leveraged traders returned aggressively to XDC
At the time of the rally, the Open Interest also climbed 12.47% to $5.78M as derivatives traders increased exposure during the rally.
The rise in Open Interest alongside price expansion suggested fresh positioning entered the market instead of temporary short-covering activity.
Traders continued building exposure after XDC rebounded from the lower support region, reflecting improving speculative sentiment around the asset.
In addition, the increase showed that leveraged participants had started regaining confidence following months of stagnant market structure.
Derivatives activity remained relatively moderate compared to previous major rallies, though the recent acceleration indicated growing interest around a possible breakout attempt.
If Open Interest continued rising alongside spot demand, volatility would likely increase further near the current resistance region.
Can XDC finally break the $0.0372 barrier?
Price approached the critical $0.0372 resistance after rebounding strongly from the $0.0292 support zone. The chart showed that XDC spent several months trading inside this range before buyers regained control during May.
Recent candles pushed directly into the upper supply region, reflecting stronger buying pressure across the structure. However, the resistance zone still remained significant because previous recovery attempts failed near the same level earlier this year.
A successful breakout above $0.0372 would likely expose the broader resistance around $0.0500.
That projected move would represent roughly 35% upside from current levels. Until then, sellers could continue defending the upper boundary aggressively as traders monitored confirmation around the breakout zone.
The Relative Strength Index climbed to 74.56 while its moving average remained near 52.69, reflecting aggressive bullish acceleration across the latest rally.
RSI spent most of the previous months fluctuating below neutral conditions before the indicator expanded sharply during May.
Final Summary
- XDC reclaimed range strength as buyers pushed price back toward major resistance levels.
- Rising Open Interest and weakening shorts reflected improving speculative demand across XDC markets.
