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XDC Network (XDC) To Bounce Back? Key Harmonic Pattern Hints Potential Reversal

XDC Network (XDC) To Bounce Back? Key Harmonic Pattern Hints Potential Reversal

CoinsProbeCoinsProbe2025/08/31 16:10
By:Nilesh Hembade

Date: Sat, Aug 30, 2025 | 07:10 AM GMT

The cryptocurrency market has once again entered choppy waters as Ethereum (ETH) slipped to $4,400 from its recent high of $4,954, marking a 7% weekly decline. The broader pullback has pressured major altcoins , including XDC Network (XDC).

However, XDC is showing relative strength, posting a 4% intraday gain, trimming its weekly losses to 5%. Even more importantly, the price chart is signaling a harmonic setup that could lay the foundation for a potential reversal.

XDC Network (XDC) To Bounce Back? Key Harmonic Pattern Hints Potential Reversal image 0 Source: Coinmarketcap

Harmonic Pattern Taking Shape

On the daily chart, XDC is forming a Bearish ABCD harmonic pattern. Despite its name, this setup often features a bullish CD-leg rally before price reaches its Potential Reversal Zone (PRZ).

The structure began with a rally from Point A ($0.05728) to Point B, followed by a retracement down to Point C ($0.07574), where buyers defended the 200-day moving average (MA). From there, XDC has bounced back to around $0.08017, signaling that the CD-leg may now be unfolding.

XDC Network (XDC) To Bounce Back? Key Harmonic Pattern Hints Potential Reversal image 1 XDC Network (XDC) Daily Chart/Coinsprobe (Source: Tradingview)

A key resistance lies at the 50-day MA ($0.08671). A breakout and hold above this level would strengthen the bullish case, potentially confirming the harmonic structure.

What’s Next for XDC?

If bulls succeed in reclaiming the 50-day MA, XDC could advance toward the 1.63 Fibonacci PRZ at $0.1212 — a move that represents more than a 50% upside from current levels.

On the downside, failure to hold above the 200-day MA support near $0.07468 could invalidate the pattern, exposing the token to renewed bearish pressure.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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