The XDC Network is currently in the red zone, following the bearish outlook of the broader crypto market. Its price has dropped by 4% in the last 24 hours, and if this trend continues, it could reach the $0.05 mark.Technical indicators suggest that XDC could witness a bullish recovery around the support at $0.059. The Relative Strength Index (RSI) reading of 52.54 reflects a balanced state in the token market, while the MACD line stands above the signal line and the histogram is creating a vivid green bar.Aside from the 50-day M.A., a support level at $0.059 may also reinforce a bullish turn. However, a sudden push from sellers could result in a breakout, with the target at the $0.051 support.Tradeteq, a UK-based company focusing on private debt and real-world assets, recently announced the introduction of a tokenized offering involving U.S. Treasuries on the Layer 1 blockchain, XDC Network. This strategic move has aligned with the trend of changing real-world assets (RWAs) into tokenized forms. Data from RWA.xyz shows that the demand for tokenized U.S. Treasuries has surged nearly six times to reach a total of $622 million this year. This could lead to more exposure for XDC in the future.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | Joe Parys Crypto, Elon Musk |
| Companies | Joe Parys Crypto, XDCPay, BeInCrypto, Wall Street Memes, OpenSea, ISO 20022, Yahoo Finance, Bitcoinist |
| Currencies | Ethereum, US Dollar, Bitcoin, XDC Network, Wall Street Games |
| Securities | None |
