- eCash Price is struggling to sustain higher levels.
- The year-to-date return of the eCash coin is +14.53%, and the three-month return is -28.60%
- The XEC price is trading at $0.00002493 with a loss of 0.52% during the intraday session.
eCash (XEC) was launched on July 1, 2021, and is a rebranded version of Bitcoin Cash. The eCash cryptocurrency is designed to be used as electronic cash. The base units of eCash are called “bits.” The eCash coin was designed to support Etherurm Virtual Machine (EVM) while interoperable with the decentralized finance (DeFi) sector on Ethereum.
eCash coin price is trading at $0.00002493 while witnessing a loss of 0.52% during the intraday session. The current market capitalization is $486.95 Million and its trading volume is $96,420,595. The current circulating supply of the XEC coin is 19.52 Trillion.
The XEC price is facing difficulty in sustaining high levels. However, the price has been rejected various times from the $0.000028 level. It is currently facing resistance from EMAs. The XEC price has rejected the short-term 20 and 50-day EMAs. It is still hovering below the long-term 100 and 200-day EMAs.
If the eCash token attracts more buyers in the upcoming time, the price might retest the long-term EMAs. It may eventually spike towards the $0.000029 resistance level. The price must attain continuous higher highs and lows to achieve that.
Will XEC Price Conquer $0.000029 Mark?
The year-to-date return displays a pragmatic performance of 14.53%. Meanwhile, the three-month return reflects the opposing result of 28.60%. Hence, the price has faced sellers’ dominance in the past few months.
The Relative Strength Index (RSI) is currently hovering near the 50-neutral mark with a value of 54.21, indicating the price is pursuing neutrality in the market during the intraday session. Meanwhile, The CMF is at -0.01, denoting neither weakness nor strength, and the price might consolidate.
Conclusion
eCash Price Prediction reflects traders’ neutral to bullish outlook in the daily time frame. Moreover, the weekly return shows that the price has gained 7.14%. Furthermore, technical parameters suggest neutrality, and the price might face a consolidation. For the bullish trend, traders should look for the down candle before a strong rally.
Technical Levels
Major resistance: $0.00004511 and $0.00004464
Major support: $0.00002158 and $0.00001804
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets & stocks comes with a risk of financial loss.