Foreign media believes that XDC has returned to the price range that it has supported several previous rebounds, and September may become a critical window for short-term trading decisions. After no significant reversal was seen in August, the market is now more concerned with whether demand will pick up and whether prices can once again exceed the 200-day moving average.
Back to the range of $0.023 to $0.029
The article mentions that XDC has once again returned to the range of $0.023 to $0.029. This area has previously withstood multiple selling pressures and supported subsequent rebounds, making it an important observation point for the current trend.
However, foreign media did not directly interpret this as a reversal signal. The key judgment still lies in whether this range will be able to attract new buying again. If demand is insufficient, even if prices stabilize briefly, it may only be a temporary rebound.
The 200-day moving average remains a resistance level above.
From a technical perspective, XDC is still below the 200-day moving average. The article argues that only by returning above this level can it be more indicative of a recovery in bullish momentum, rather than continuing the previous weak fluctuations.
- Current key demand range: $0.023 to $0.029
- First upside observation level: $0.045
- Subsequent resistance levels: $0.066, $0.098
The Osaka Trade and Finance Project Brings New Catalyst
In addition to the price structure, the article also mentions an industry development related to XDC Network. SBI XDC, TOPPAN, and Ginco plan to carry out trade finance demonstration projects in Osaka and have received subsidy support from Osaka Prefecture for the fiscal year 2026.
The project will use vLEI for enterprise identity verification and process trade transactions via blockchain, with the underlying infrastructure built on top of XDC Network. The article points out that such progress may not necessarily translate directly into a demand for tokens, but it could still become a new development that the market will continue to monitor when prices are in a critical range.
Overall, the judgment of foreign media is quite straightforward: if XDC can maintain the current demand range and there is a more clear rebound in buying interest, there is a chance for the price to recover towards higher resistance levels; if demand continues to be weak, the pressure above the 200-day moving average will still exist, and it will be difficult to confirm a strengthening trend in September.
