In the past week, XinFin (XDCE) has been trading in a range along $0.0032. However, volumes have been rising, an indicator that there is increased buying momentum in this market. This is mainly driven by the recent summits in India and Singapore that have led to an increased awareness about XinFin about its growing use case across different industries. In the day, XinFin is showing signs of an early uptrend, though it’s not a big one, but with fast rising volumes, it can sustain.
This can be interpreted as a strong bullish signal, when you factor in the fact that most altcoins have opened the week in the red. It also shows that there is an increased bullish momentum in this market, one that could see its price gain momentum as bitcoin (BTC) starts to peak in the week. If in the next 24 hours, Bitcoin rises to over $8500, XinFin (XDCE) could make a huge gains too, and test the weekly resistance level of $0.0035. It’s definitely one of the more bullish altcoins in the market today.
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