XDC has bounced off a key support level, with whale accumulation continuing and long positions dominating the market. Traders are now eyeing the $0.037 resistance zone as the next major test for the token's short-term direction.
Whale accumulation continues
Large holders are still piling into XDC. On-chain data shows that addresses with significant balances have been consistently adding to their positions over the past several days. The buying pressure from these whales helped push the token off its support floor, preventing a deeper drawdown.
Long positions dominate
The futures market reflects a similar tilt. Funding rates for XDC remain positive, indicating that traders betting on price increases are paying a premium to keep their positions open. The imbalance suggests that most market participants expect further upside, but it also leaves the token vulnerable to a sudden squeeze if sentiment shifts.
The $0.037 hurdle
With the rebound underway, attention has shifted to the $0.037 resistance level. That price point has acted as a ceiling in recent sessions, and a clean break above it would likely open the path toward the next higher zone. For now, the token is trading just below that mark, and volume will need to pick up for bulls to push through.
Whether XDC can sustain its momentum or stall again at resistance depends on whether whales keep buying and whether long positions remain comfortable holding through any pullbacks.
