Cryptocurrencies remained somewhat stagnant this week, with Bitcoin hovering around the $30,000 support level. The Crypto Fear & Greed Index stayed neutral and volumes were low. In this article, we will look at some of the top performers during the week, such as XDC Network, Polkadot, and dYdX.
XDC Network Price Prediction
XDC Network is a small layer-1 and EVM-compatible network with enterprise-grade features, offering higher speeds and lower costs. Its ecosystem includes players like Copper, Vinter, Fireblocks, and Fluent.
XDC Network’s price has been in the green for the past five days, hitting its highest level since April 2022. At its peak, the token was up by over 41% from its lowest level this month. In the daily chart, the coin has crossed the 50-day and 25-day moving averages, a bullish sign. Furthermore, XDC is hovering at an important resistance point since this price was the highest level on June 1st. The Relative Strength Index (RSI) is currently in the overbought zone, hinting that the rally might take a breather in the near future. In this case, the next level to watch would be at $0.035.
DYDX Price Prediction
The DYDX token price has been doing well despite the decrease in exchange volume. This performance coincided with strong performances from other DeFi tokens such as Maker and Compound.
In the daily chart, DYDX rose from June’s low of $1.3653 to $2.14. It is currently trading above the 50-day moving average, while the Relative Strength Index (RSI) crossed the neutral point. Volume has been low, suggesting that the token will remain in this range during the weekend.
Polkadot Price Forecast
Polkadot has been in a tight range this week, remaining above the support level at $5.15, the lowest point seen since March 10th. The 50-day moving average is slightly above the support point at $5.72, the highest point reached last week. The Relative Strength Index (RSI) is a few points below the neutral point.
Overall, the outlook for the coin is neutral, with the next level to watch at $5.72. A move above this level in a high-volume environment will confirm a bullish breakout.
How to Buy Polkadot
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Binance is another popular exchange, having grown exponentially since its launch in 2017. It is now one of the biggest cryptocurrency exchanges on the market.