Market Pullback Hits Midcaps Hard — Which Altcoins Are Holding Structure

A noticeable market decline has put pressure on mid-sized cryptocurrencies. Despite this downturn, certain altcoins are showing resilience and maintaining their stability. This article delves into which digital assets are defying the trend and could be positioned for future growth.

XDC Network Holds Steady with Promising Growth Signs

Source: tradingview 

XDC Network (XDC) is trading between under five cents to slightly over five cents. There's a potential for upward movement, as it approaches the first resistance level a bit above five cents. If it surpasses this, it might target an increase towards the next resistance level, climbing approximately 16% from its current price range. Despite a nearly 8% drop in the past month, recent activity shows a small upward trend of almost 2% this week, suggesting signs of recovery. The indicators like RSI and moving averages suggest a stable momentum, hinting at possible growth if the market conditions remain favorable.

Monero (XMR) Shows Potential for Growth With Recent Performance

Source: tradingview 

Monero's price currently hovers between the high $370s and low $430s. It has gained almost 10% over the past week, contrasting a slight dip of under 2% for the month. Over six months, Monero has surged over 30%. These figures suggest a promising outlook. The coin's stability above $410, its short-term average, indicates strength. If Monero breaks past its nearby cap of mid-$450s, it could aim for the $515 mark, representing a potential 20% ascent from its current range. With steady momentum, Monero remains one to watch for investors, considering its resilience and proven growth track.

TRON Eyes Potential Rebound Amidst Price Fluctuations

Source: tradingview 

TRON (TRX) is currently trading between 27 and 28 cents, showing some stability. Recently, it saw a slight dip of just over 1% over the past week. Despite a recent one-month decline of nearly 6%, TRX could rise closer to its next resistance at 30 cents. Over the last six months, it has shown a bit of growth, a little under 2%. The current market indicators suggest that while it hasn’t been plain sailing, there is room for potential recovery. If TRX can surpass the 30-cent resistance, it might aim for 31 cents, which would mean an increase of over 10% from its lowest support level.

Conclusion

XDC, XMR, and TRX have shown resilience. Some altcoins may struggle, but these have maintained their structure well. XDC continues to offer appealing features. XMR's privacy focus keeps it relevant. TRX's network use also contributes to its stability. These coins stand out as stronger options in a challenging market.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.