The Trust Layer for Market Analysts

The analysis, conducted on September 26th, focuses on XDC/USDT. The current price is approximately 0.0727, with the average crypto performing worse, down 8% this week compared to XDC's 6%. The chart suggests a W formation, consolidating at a central focal point. It is expected that there is a bounce near 0.0715. Support is anticipated between 0.07 to 0.067, though it could go as low as 0.063. The Fib retracement from low to high is back at 0.382, indicating 0.0715 as an area for a bounce. A potential 5x to 11x move is expected in the future, with a target price as the first destination being 0.3624, potentially stretching to $0.79, so there is expectation that it will reach even $1.46, which with their 1.2B marketcap they could see a $10B marketcap in the next year. Bullish ribbon overall. By end of first week of October needs to be above 0.07 to be on track. Bullish divergence on lower timeframes as well. A close above 0.078/0.079 needed.