- The price of XCH is trading at $34.439.
- The XCH price decreased by 0.94% in the last 24 hours.
- The XCH year-to-date return is +20.09%.
Weekly Trend Analyzation
This week the trend was bullish as the price was up by 9.56%. We can say that XCH performed well this week by trend and price information history.
Monthly Trend Analyzation
This month the trend was slightly bearish as the price was down by 0.32%. By trend and price information history, we can say that XCH underperformed this month.
All-Time History Analyzation
The coin’s value plummeted by more than 90% in all-time history, giving low returns to the investors’ money.
Chart Analyzation In 1-D Timeframe
Source: XCH /USD.1D.CRYPTO by TradingView
Trendline Analyzation
As per the trendline, it seems it is respecting multiple support and resistances very well. As observed on the chart, the XCH price gave a breakout recently from the trendline and can go upwards shortly. This appears to be bullish. So, the price of XCH can reach $37.08 soon which is the nearest major resistance, and try to break the current resistance.
MACD
When the MACD line crosses above the signal line, it shows that the short-term momentum is stronger which is a bullish sign. Hence, MACD is giving bullish views on the coin.
EMA
The price stayed above 20 & 50 EMA which gives quite an idea that buyers are ready to buy stock at any price. This suggests that the coin’s value may grow even further in the upcoming week.
RSI
When RSI moves above 70, it indicates that prices may have risen too far too fast and should soon start to drop; when it moves below 30, it indicates that prices have dropped too far too fast and should soon start to rise.
Since it’s between 70 & 30, it is further interpreted that: if the RSI is above 50, it is a buy signal, and below 50 is a sell signal. As observed on the chart, it seems the values are above 50 so we can say that it is a buy signal.
The RSI line is in a bullish zone i.e., the line trading above the median line. Since the 14 SMA line and RSI line are above the median zone, the market is bullish.
Bollinger Band
In the Bollinger Band indicator, the XCH coin price is trading at the upper band. it is indicating a more upward move.
Volume Analyzation
The amount of XCH traded in a day is $6,138,714. It rose by 129% since the last day. Therefore, it can push the price up, due to considerable volume present in the market.
Conclusion
Currently, the technical parameters for the XCH coin indicate bullish pressure. The views of traders and investors are bullish. If the price continues to move under the seller’s control, it is expected to fall more from the current levels. The sentiments of investors and traders are bullish regarding the price of coins in the 1D timeframe.
Technical Levels:
- The Nearest Support level is $30.70.
- The Nearest Resistance level is $37.08.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.