Home/News Feed/XDC token rises amid increased derivatives activity and potential selling near resistance zone The XDC token of the XDC Network saw gains over a 24-hour period, ranking among the top three gainers by market cap with about $719 million. Increased derivatives activity, including an 18% rise in open interest to $7.12 million and a positive funding rate, indicated strong bullish futures demand. However, exchange inflows of $1.08 million suggest potential selling pressure near a previous resistance zone, which could limit further price advances if spot demand does not absorb the supply. The token's recent developments include the launch of Circle's USDC and CCTP V2 on the network, enhancing its ecosystem.
XDC is trading at Rp650 on Pluang with a notable 12.01% gain over the past day as of Sep 29, 2026 02:12 WIB, showing strong buying interest with 81% of orders on the platform being buys. This aligns with the article's mention of increased derivatives activity and bullish futures demand. The token’s market cap on Pluang stands at Rp13.91 trillion, supported by a 24-hour trading volume of Rp695.77 million, indicating active market participation.