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- 1 PRIME price chart reflects bullishness.
- 2 Technical Indicators are suggesting a continuation of the uptrend.
The PRIME token (Echelon Prime) price continued to extend the bullish wave and persisted in soaring toward the blue sky zone. For weeks, the token has been delivering an uptrend and surged over 180% in the last two months. Additionally, the token has retained the bullish trajectory and is targeting the $50 mark.
At press time, the Echelon prime token (PRIME) price was trading at $22.91 with an intraday drop of 0.10%, reflecting neutrality on the charts. It has a monthly return ratio of 86.89% and 12482.37% on a yearly basis. The pair of PRIME/BTC is at 0.000356 BTC, and the market cap is $818.19 Million. Analysts are bullish and suggest that PRIME token may continue to spread the bull rally and will hit the $30 mark soon.
PRIME Token Price To Volume Profile Outlook
The above chart shows the combined metrics of price to volume profile which signifies an uptrend. Additionally, the token trades in the bullish region and is spreading the up move, revealed a notable surge of over 70% this month. Similarly, the trading volume delivers consistent buying activity and investor interest.
Price Volatility and Sentiment Analysis
The data indicates that the token has persisted in delivering the bullish wave and is showing the volatile movements for the past sessions. The volatility curve stands near 0.043 signifying the impressive trading activity. However, the weighted sentiments showed a sharp reversal move and the value slipped over 180% to 0.244.
Social Dominance and Twitter Followers Overview
The Social Dominance data showcased nominal movement and the value remained average, noting around 0.121%. However, the X followers data noted a drop to 35, whereas the active users on the Telegram dropped to 2312.
For the past few sessions, the PRIME token persisted in revealing the buyer accumulation and spreading the up move. However, the token is witnessing consolidation and sellers are attempting to push toward the 20-Day EMA mark. Unless the token stays above $18, the trend will remain bullish and the buying momentum will persist.
The relative strength index (RSI) curve stayed in the overbought zone and formed a negative crossover on the charts. However, the MACD indicator shows a convergence of the signal line with the MA line.
Per the Fib levels, the token has sustained gains above the 50% zone and is eyeing the 61.8% zone to reach soon. The total supply of the token is 35.67 million and the volume to market cap ratio is 0.00822.
Summary
The PRIME token price signifies an uptrend and is trading in the bullish region, replicating outperformance for the past sessions. Moreover, the buyers persisted in accumulating and are willing to stretch the rise toward the $30 mark soon.
Technical Levels
Support Levels: $20 and $17
Resistance Levels: $25 and $30
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
