- eCash Coin (XEC) price action is forming a high-low since last week.
- XEC price is staying in a broad horizontal range between $0.000035 to $0.000048.
- Speculators saw a 46% increase in trading volume overnight.
eCash Coin (XEC) has been in a weak under-box pattern for the past 4 months. Bears and bulls barely manage to maintain their dominance over the altcoin, hence the price is unable to record any bullish momentum out of the box. And this price consolidation may continue over the next month if trading volumes do not increase.
However, XEC prices remained in a broad horizontal range between $0.000035 and $0.000048. Support and resistance areas. Nevertheless, the bulls once near the support looked aggressive and pushed Acer’s price higher.
Amid higher-lows momentum in the last few days, buyers regained nearly 10% of the cost. Meanwhile, the XEC coin against the USDT pair is trading at $0.0000412 Mark while writing. The market cap saw a 3.16% gain in the last 24 hours at $795.1 Million as per CMC. Similarly, the eCash crypto concerning the Bitcoin pair is down 2.36% at 0.0000000020 Satoshis. However, Speculators saw an increase in trading volume of 46% overnight.
Ecash coin is looking slightly positive above the lower band of the Bollinger Bands indicator. However, the price of the asset is trading in the mid-band (20-day moving average) in terms of the daily price scale. With momentum, the Stoch RSI is showing positive momentum as it moves up from the lower levels. Conversely, MACD is still trending down in the negative zone.
Conclusion
The value of the eCash Coin (XEC) is slowly rising. Although XEC is range bound in a wide range, the Bollinger Bands and Stoch RSI are showing positive signs and are favored by the bulls.
Support levels- $0.000040 and $0.000030
Resistance level- $0.000050 and $0.000060
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish any financial, investment, or other advice. ṣInvesting in or trading crypto assets comes with a risk of financial loss.