- The Echelon Prime (PRIME) token price is 588% above its all-time low price.
- PRIME traded in green for 16 days in the last 30 days.
PRIME has outperformed 67% of the top 100 crypto assets and has also outperformed Bitcoin and Ethereum in the last 1 year.
The market cap of the Echelon Prime token has advanced by 16% in the last 24 hours, resulting in a traded value of $11.412 Million. This further resulted in a market cap ranking of #169, and the market cap dominance of the token was 0.01%.
The token’s sentiment was neutral, as per the analysts. While the fear and greed index was at 55, greed is shown among the token investors. This showed that buyers were ready to buy the token at higher prices.
Echelon Prime has 18.1K holding addresses; the top 10 holders held 79.64% of the token’s total supply. Additionally, the token’s holding addresses have consistently advanced over the last few weeks. Also, the largest holder of the token alone had 31.63% of the supply.
The token’s 55% of holders were in profit while 37% of them witnessed loss. Also, the large holders concentration in the token was 73%.
Security Overview Of Echelon Prime Token
PRIME’s security score was 70.56 which resulted in a global security ranking of 1913. This represented a medium security in the token.
The token further belonged to the BB tier and the token’s market score was the strongest resulting in 93.18. Despite this, it lacked fundamentals resulting in a score of 36.08/100.
The token’s project had medium maturity and was 2 years and 11 months old at press time. In the last seven days, the token had 337 active users who made 705 transactions by transferring tokens worth $4.2 Million.
PRIME Token Technical Analysis
The PRIME token has experienced a prolonged downtrend, with its price declining steadily over the past four months. This extended period of downward movement has significantly impacted the token’s value.
The recent surges indicates that the token might establish a base at a lower level. This pattern is often viewed as a potential reversal signal, suggesting that the selling pressure may be weakening.
If PRIME manages to break above the most recent swing high, it could signal the beginning of a strong uptrend. This breakout would likely attract renewed interest from investors, potentially driving the price higher and marking a shift in market sentiment.
Echelon Prime Token Technical Indicator Analysis
While the 50-day and the 200-day EMAs traded in a death cross, PRIME broke out above the 50-day EMA and sustained above the same.
PRIME/USD Chart by TradingView
The MACD indicator exhibited a neutral behavior as the MACD and the signal line traded in a bullish crossover but sustained in a negative trajectory. This was further followed by the formation of bullish histograms on the chart.
The RSI also hit the overbought zone and has advanced above the 14-day SMA. This showed a strong momentum in token price.
PRIME might take support at the levels of $3.0 and $4.6 followed by the resistance levels of $13.80 and $20.0.
Disclaimer
This article is for informational purposes only and does not provide any 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.
