eCash

Resistance

The post <a href="https://coinpedia.org/price-analysis/xec-price-surges-ecash-price-to-jump-20-this-month/">XEC Price Surges! eCash Price To Jump 20% This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The cryptocurrency industry continues to display a mixed sentiment due to increased volatility in the market. Further, mid-cap and low-cap tokens have added significant valuation to their respective portfolio, indicating a switch of interest among the investors. 
On the other hand, the <a href="https://coinpedia.org/price-prediction/ecash-xec-price-prediction/">XEC price</a> has displayed a positive trend after trading under a bearish influence for about a week. However, the bulls repeatedly failed to break out of its major resistance level at $0.00007225, highlighting a strong liquidation point at that level in the market. 
<h2 class="wp-block-heading" id="h-ecash-price-repeated-fails-to-break-out-of-its-resistance-level">eCash Price Repeated Fails To Break Out Of Its Resistance Level!</h2> 
The XEC price concludes the last month of Q1 on a positive note by adding 84.41%, from $0.00003607 to $0.00006652 during this time. However, after recording a new monthly high, the price lost momentum, and since then, it has been trading in a closed range, indicating a weak price action. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/goNubrh-WuICGDhsq8a_Xr1gUjxP3MQZBF_UGa3AsfCMQTx648zo5QM5q_RVaJuRE8ECoNTpii-TWQr0D9stAqLvyOYNIM14toZTOgC0lF1_fXxC0GLxTJi4SSS-cFVqAvs6BiTQz-Liot0lWij_NOM" alt="XEC Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: XEC/USDT
 </figcaption>
</figure> 
Despite the altcoin recording a loss over the past 30 days, the <a href="https://markets.coinpedia.org/ecash/">eCash price</a> has added 8.50% within the past 24 hours and has a Year-to-Date (YTD) return of approximately 90%, highlighting a bullish outlook for it during the upcoming months.&nbsp; 
Also Read : <a href="https://coinpedia.org/price-analysis/near-price-at-6-base-offers-a-buy-the-dip-moment/">NEAR Price At $6 Base Offers A Buy The Dip Moment</a>&nbsp; 
The technical indicator, MACD, shows a constant rise in the green histogram, indicating an increased bullpower in the crypto market. Furthermore, the averages display a bullish convergence, suggesting a positive price action for the altcoin in the coming time. 
<h2 class="wp-block-heading" id="h-will-xec-price-go-up">Will XEC Price Go Up?</h2> 
If the market pushes the price above the resistance of $0.000072, the bulls will run to test its resistance level of $0.000086 during the upcoming week. Moreover, if the bulls hold the price at that level, it will continue rising and test its upper resistance level of $0.0001 in the coming time. 
Negatively, if the bears overpowered the bulls, the price would lose momentum and test its support level of $0.000056. Further, if the bears continue to hold power, the XEC price will plunge and test its lower support level of $0.000043. 
Also Check Out The : <a href="https://coinpedia.org/price-analysis/crypto-analyst-warns-beware-meme-coins-amidst-bitcoins-consolidation/">Crypto Analyst Warns: Beware Meme Coins Amidst Bitcoin’s Consolidation</a>

XEC Price Surges! eCash Price To Jump 20% This Month?

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