$XDC – Weekly Retest at a Key Support ⚖️

[theSignalyst]

After breaking out of last year’s falling wedge, $XDC rallied hard and is now cooling off on the weekly. Price is hovering around a major structure band at $0.066–$0.075 that acted as both support and resistance multiple times. ️

Trend context: Pullback within a larger bullish shift post-breakout.
Key levels:

Support: $0.066–$0.075 (current decision zone)

Resistance: $0.120 then $0.128 (prior weekly supply)

Deeper support: $0.028–$0.020 if the floor gives way

Confluence
Weekly structure + prior flip zone + mean reversion after an impulsive leg. This is where bulls typically try to reload.

Scenarios

Bullish: Hold the $0.066–$0.075 band and print higher lows → room toward $0.120–$0.128.

Bearish: Clean weekly close below $0.066 → continuation of the correction toward $0.028–$0.020.

What’s your take—does $XDC defend the weekly band for another leg up, or do we revisit the lower range first?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.