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$XDC Network [$XDC] has recorded two consecutive days of gains after bouncing from a trendline support that has held for the past two weeks.
Continued whale accumulation and strong long positioning are keeping the focus on a potential move toward $0.037.
Trend line support sparks another recovery
The latest bounce did not come out of nowhere. $XDC has been respecting an ascending trendline for weeks, and buyers stepped in once again when the price revisited that area.
The reaction has been convincing so far. Instead of a brief relief bounce, the token followed up with two consecutive green sessions, suggesting buyers are still willing to defend the broader uptrend.
That keeps the focus on higher levels, particularly as price starts moving away from support rather than lingering around it. Moreover, the token is now trading above key Exponential Moving Averages (EMAs) on the daily chart.
Source: TradingView
Whales continue to accumulate
While price was consolidating, larger holders appeared to be adding to their positions.
That matters because accumulation tends to carry more significance when it happens during periods of uncertainty. Rather than chasing a breakout, whales seem to be positioning while the market is still deciding its next move.
The steady buying pressure from larger participants adds another layer of support to the current recovery.
Source: CryptoQuant
Futures traders are leaning bullish
The same trend is visible in the derivatives market. Long positions currently account for 66% of total exposure, showing that most traders are positioning for a further bullish run.
This does not guarantee a rally, but it does highlight where market expectations are leaning. Combined with the recent bounce and ongoing accumulation, it paints a picture of improving sentiment rather than fading momentum.
Source: Coinalyze
Can $XDC reach $0.037?
The next challenge sits at the $0.037 resistance zone. For now, buyers appear to have the upper hand. Support has held, whales are still accumulating, and Futures traders remain heavily skewed toward long positions.
If those conditions remain intact, a push toward $0.037 looks increasingly realistic. The key question is whether buyers can maintain the momentum that has emerged over the last two sessions.
At this stage, the trendline support has done its job. The focus now shifts to whether that recovery can develop into the next bullish push higher.
Final Summary
- $XDC has recorded two consecutive green days after bouncing from a trendline support that has held for two weeks.
- Whale accumulation and 66% long positioning suggest buyers are targeting the next resistance zone at $0.037.
