- Prime price has been struggling between the 20-day and 200-day EMA.
- PRIME crypto price has dropped by 30% in 2 weeks.
PRIME price chart has witnessed strong buying pressure from the beginning and recorded an all-time high of $28.31 on March 21, 2024. Since November 2023, the Echelon Price has gained 900% till mid-March. The price has extended to the $28 hurdle but failed to sustain, and sellers have dominated further.
Prime price faced resistance from the $28 mark and fell by 26% in just 20 days. The buyers tried again for bullish momentum but could not reach the last swing high and declined by 30% in 2 weeks.
Current Price – $18.22 Fear & Greed Index – 71 (greed)
Sentiment – Bullish 200-day EMA – $12.81
Volatility – 8.39% Price Prediction – $16.40 (11%)
Market cap – $654.43 million Green Days – 11/30 (37%)
Volume – $5.72 million RSI – 43.74
According to our analysis, the Echelon Prime price is predicted to lose 11% to reach $16.40 by March 28, 2024. The fear and greed index is 71 (greed), and the volatility is 8.39%. The PRIME price has remained bearish for 19 days in the last 30 days, indicating the sellers’ grip.
When writing, the Prime crypto price trades at $18.22 with an intraday loss of 3.28%. The market capitalization is $654.43 million, and the 24-hour trading volume is $5.72%.
PRIEM Price is in Up Trend; Will It Keep Surging?
Echelon Prime price has witnessed strong buying pressure for the last few months. The price has slipped below the 20-day exponential moving average and is heading for the 200-day exponential moving average.
Currently, the Echelon Prime price is taking support on the $18 mark and faced resistance from the 20-day EMA and melted back to the support level. If the buyers show interest and trading volume increases, the price may bounce back to the last swing high and register a new all-time high.
However, the short-term momentum is bearish and is already below the key moving average. Suppose the PRIME coin price starts trading below the $18 level, and sellers may be eyeing the 200-day exponential moving average. If the price fails to defend the 200-day EMA, the price may decline to the major support level of $7.
MACD has formed the continuous red histogram, and the Signal and MACD line has dropped below the Zero line, indicating the bearish momentum. RSI has slipped below the RSI-based moving average and recently tried to surpass it, but the attempt failed.
PRIME Crypto Volume and Price Analysis
Since February, the trading volume has increased by 1500% until March, pushing the price by 250%. However, the trading volume has dropped from $31 million to $8 million in the last few weeks, affecting the price negatively.
Conclusion
The PRIME price has outperformed for the last few months and reached a new all-time high. The asset price has faced resistance from the $28 mark, and the chart price has displayed the profit-booking momentum. According to the analysts, if the price slips below the $18 mark, it may perform negatively for the next few weeks. The Echelon Price may continue the uptrend if it defends the $18 level.
Technical Levels
Resistance: $20.60 & $28.00
Support: $18.00 & $12.00
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.