Can XDC take out a digit?

Are we bearish short-term? Or are going to see 10 Cents knocking down our doors for XDC?

- The overall trend is bearish, with the price dropping from around $0.033 initially to approximately $0.065 at the end.

- There was a spike up to $0.093 in early August, but it quickly reversed back below the range of the previous weeks. This failed breakout is a bearish signal.

- After hitting that peak, the price crashed sharply, more than cut in half within a week. This breakdown confirms the bearish trend.

- Towards the end, the price tried to stabilize around $0.065, but further upside was rejected. This indicates bearish exhaustion.

- From a chart pattern perspective, the spike and collapse in early August have characteristics of a bull trap or dead cat bounce. The quick rejection of higher prices shows buyers did not step in.

Overall, XDC exhibits a clear bearish trend over this period. The failed rally in early August reinforced the bearish momentum with a false breakout. While the price has stabilized recently, XDC remains stuck under resistance and lacks bullish strength. Unless XDC can break out above $0.075, the path of least resistance seems to stay toward the downside, given the technical damage. A period of consolidation or basing could precede any trend change.