The XDC Network token has seen a 7% increase in the past 24 hours, making it the top gainer among major cryptocurrencies. The token's Parabolic SAR indicator suggests a bullish sentiment, indicating potential short-term gains. The rising On-Balance-Volume confirms growing demand for the token. However, there are negative funding rates for XDC futures, reflecting a strong demand for short positions. If bullish momentum continues, short sellers could face a squeeze, potentially pushing the price to $0.10. On the other hand, if buying pressure weakens, the price could retreat to $0.07, benefiting short traders.



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