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eCash Price Analysis: XEC Recovering from Lower Levels; Long way to go

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eCash Price Analysis
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  • eCash price is trading with strong uptrend momentum over the daily price chart.
  • The crypto asset has recovered till 20 EMA and is way behind the 50 EMA.
  • The pair of XEC/BTC is at 0.000000001999 BTC with an intraday gain of 5.87%.

eCash price is currently trading with strong uptrend momentum after getting support from the lower level of the rounding bottom curve. XEC coin price must attract more buyers in order to maintain the current uptrend momentum over the daily price chart. XEC at first got support from the lower level and is getting up making a rounding bottom pattern over the daily price chart. XEC investors need to wait for any directional change over the chart.

eCash price is presently CMP at $0.000041 and has gained 8.51% of its market capitalization in the last 24-hour period. Trading volume has increased by 38% in the intraday trading session. This shows that buyers are intact in the trade for XEC. Volume to market cap ratio is 0.02174.

XEC coin price is trying to gain the strong uptrend momentum over the daily price chart. eCash coin is trying to recover through a rounding bottom pattern over the daily chart. The token gained support from the bottom at $0.000033 and is heading upwards. XEC investors need to wait until the token maintains its bullish momentum or short-sellers interrupt the momentum of the XEC coin. However, volume change can be seen below average and needs to grow for XEC to maintain the uptrend momentum. 

Will XEC bulls maintain this uptrend momentum?  

XEC coin price must maintain its uptrend momentum in the recovery curve to surge upwards. The token needs to accumulate more buyers in order to maintain the momentum. Technical indicators suggest the uptrend momentum of XEC coin. Relative Strength Index showcases the uptrend momentum of XEC coin. RSI is at 46 and is trying to surpass neutrality. MACD exhibits bullish momentum of XEC coin. The MACD line crossed the signal line for a positive crossover. XEC investors may witness a bullish rally from here.

Conclusion  

eCash price is currently trading with strong uptrend momentum after getting support from the lower level of the rounding bottom curve. XEC coin price must attract more buyers in order to maintain the current uptrend momentum over the daily price chart. XEC investors need to wait until the token maintains its bullish momentum or short-sellers interrupt the momentum of the XEC coin. However, volume change can be seen below average and needs to grow for XEC to maintain the uptrend momentum. Technical indicators suggest the uptrend momentum of XEC coin. XEC investors may witness a bullish rally from here.

Technical Levels

Support Level: $0.000033 and $0.000025

Resistance Level: $0.000045 and $0.000055

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 the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.    

Nancy J. Allen

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