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eCash Price Analysis: XEC Coin Gains 395.2% Within a Month

  • The eCash coin is in an uptrend, around 16.6%, during the intraday trading session.
  • The 24-hour trading volume is at $513 million.

Daily technical chart and price trend of eCash coin are showing an upward trend. Based on the pivot level, the first support zone is 0.00017561 USDT. From another perspective, if it rushes, the resistance level to watch is 0.00028955 USDT. Thus, the graph made a bullish engulfing candle pattern during the day, and the cost is relied upon to remain upwards with unwavering high quality.

The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost breaks above the red ribbon, so until the cost dwells above, it will guarantee an upswing in XEC.

Trading volume (18.125 B) is above the 20-day moving average (16.729 B). To put it plainly, the volume is high, making the cost bounce back from the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is typical in the following trading days.

The RSI indicator gave a signal (bullish) with 62, projecting a purchase signal in the currency. Investors can observe an inclined slope from 27 to 62. It can arise in future trading sessions. 

eCash (XEC) Coin Gives Pullback From The Support

The price of eCash today is $ 0.00025411, with a trading volume of 24 hours is $ 513,356,330. The cost of XEC has been 16.6% in the last 24 hours. It has a circulation supply of 19 trillion XEC coins and a total supply of 21 trillion. The RSI points to a buying indication, and the traders have prompted high volume. In fact, the cost bounces from the support regions and proceeds in an upturn. In like manner, likewise, with the general market perspective, the pattern stays bullish for coming trading days.

Resistance Level: $0.00028955

Support Level: $0.00017561

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.