eCash Price Analysis: Will XEC Surge to hit $0.00003862


  • 24-hour trading volume for eCash is hovering at $17,388,376.00.
  • Bull control XEC’s current price actions.
  • eCash’s EMA(10) shows a downward trend.
  • XEC faces medium-term resistance at $0.00003981.

29 February 2024 : In this article we will walk you through eCash price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for eCash, Is XEC a good investment? eCash support & resistance levels etc. But before diving deep into the XEC technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,306,277,948,782. The total trading volume stands at $155,762,294,326. Bitcoin shares 52.95 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $62,158.45 level after an upward movement of 3.3%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 4.08 percent reaching to $3,412.31 during the previous 24 hours.
While publishing this blog, BNB traded at $406.76, following a price change of -0.21%within the same time frame. SOL the native coin of Solana is up by 17.57 and currently trading at $131.15. Additionally, XRP reached $0.61 after seeing a uplift of 7.98% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

eCash Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of eCash (XEC)

XEC Resistance Levels XEC Support Levels
Resistance Level 1 $0.00003862 Support Level 1 $0.00003562
Resistance Level 2 $0.00003981 Support Level 2 $0.00003381
Resistance Level 3 $0.00004162 Support Level 3 $0.00003262

eCash Performance

The current eCash price is $0.00003401, with a trading volume of $17,388,376.00 in the past 24-hours. Currently, XEC is up by 1.45% since yesterday with a market capitalization of $667,686,145.00 USD.

eCash Price Analysis

XEC price analysis for 29 February 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the eCash.

Moving Averages Price Indicator
Simple Moving Average (10) 0.00003800 Sell
Exponential Moving Average (10) 0.00003800 Sell
Simple Moving Average (20) 0.00003995 Sell
Exponential Moving Average (20) 0.00003976 Sell
Simple Moving Average (50) 0.00004144 Sell
Exponential Moving Average (50) 0.00004131 Sell

The Relative strength index (RSI) for XEC Coin is currently hovering at 33 for 14-days average line, which means XEC is just recovering from a oversold condition. The XEC/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. While XEC’s Williams %R indicator is at -76.923 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. eCash is moving in downward direction as bears successfully take the coin below immediate support level of $0.00003562. Now XEC should find a support at $0.00003381 or else the sellers could then target the crucial support level placed at $0.00004162.

Conclusions

There had been a positive trend for some time and it seems that the coin will continue it upward movement as long as it remains in the green area. You should only acquire crypto right now if you're prepared to book profit through short-term market moves.