Bitcoin Cash

Satoshi

HunkCoin

Bitcoin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Ecash price is currently trading at $0.00002981 while witnessing a loss of -0.6% during the intraday session.</a> </li> 
 <li> <span>2</span> <a>XEC price has dipped below 20- and 50-day EMAs.</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of Ecash is 36.87% while the six-month return is -20.61%.</a> </li> 
</ul> 
<p>XEC price surged roughly 72.79% during the end of June 2023 and formed an annual high at $0.00004572. Since then, the price has been declining. Ecash became one of the top gainers followed by Bitcoin Cash, Bitcoin Satoshi Vision, and Litecoin.&nbsp;</p> 
<p>The bears entered the market and pushed the price back below $0.00004. XEC price did try to retest the high but the move was again halted at $0.00003990. The bears did not find the price justifiable above $0.00004. Recently, the price has been stuck in a narrow consolidation zone ranging between $0.000032 and $0.00002940.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/Hjt4xGB3g4oOR3-8Qo5G2qrffy30k0MgDymG0tqL_vSHaInL1ylPtA9KOdqchMobtZjX9GHblJq5zzth3yuSD1ivp2qSshbjaKeB0m6p114C3uD8eammHPid6s5GOsRjLR08E-oZH_uH6pyWITw6_A" alt="Ecash Price Prediction: Will XEC Price Break $0.000032 Level?"> 
  <figcaption class="wp-element-caption">
    Source: XEC/USDT By <a href="https://www.tradingview.com/x/iCLD6bNn/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The consolidation has been going on since mid-July 2023. The price attempted several times to escape the consolidation zone but was not successful. If a candle can close above $0.000032, there is the possibility that it might fill the upper wick of the 20 July 2023 candle and potentially rise toward $0.000035.&nbsp;</p> 
<p>On the other hand, if bears can push the price below the support level of $0.00002940, the price might melt toward the next support level of $0.000022.</p> 
<h2 class="wp-block-heading" id="strong-reason-for-surge-in-ecash-price-strong"><strong>Reason For Surge In Ecash Price</strong>&nbsp;&nbsp;</h2> 
<p><a href="https://www.thecoinrepublic.com/2023/06/29/ecash-price-prediction-xec-price-melts-down-toward-0-000022/" target="_blank" rel="noopener noreferrer nofollow">Ecash blockchain</a>, is a spin-off from Bitcoin Cash blockchain, which is also the outcome of a split from Bitcoin. The predecessor of Ecash XEC coin, Bitcoin cash doubled in its value over the week, Ecash community also become optimistic about its potential for similar growth.&nbsp;</p> 
<p>Ecash operates on a Proof-Of-Stake (PoS) blockchain which differentiates it from Bitcoin and several other derivatives which currently rely on the Proof-of-Work (PoW) mechanism.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-xec-price-melt-below-0-00002940-strong"><strong>Will XEC Price Melt Below $0.00002940?</strong>&nbsp;</h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/QFGOzWVzRfKYvivMIt2dMTzbXwfULDEcbvLAPxBU5MPolzf_hrSciAOdYJo3g72avulRK2392IpMhh9I3rlksvGj-lFXf8WPVakfyZbfE_NH1jjVbQWUQIEnWMHR_DE0LphGpnBVY-8Fiu-jI6syaQ" alt="Ecash Price Prediction: Will XEC Price Break $0.000032 Level?"> 
  <figcaption class="wp-element-caption">
    Source: XEC/USDT By <a href="https://www.tradingview.com/x/5iECiY1f/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/06/29/ecash-price-prediction-xec-price-melts-down-toward-0-000022/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency price</a> has slipped below 20- and 50-day exponential moving averages (EMAs), indicating a rise in bearish momentum and dominance of bears in the market. Chaikin money flow (CMF) score is -0.22 suggesting strong weakness in the market.&nbsp;</p> 
<p>CMF has been trading below the 0 mark since 20 July 2023. The relative strength index (RSI) is 47.35 implying that the price is in neutral territory and in an indecisive phase. RSI has been hovering around the 50 mark since the consolidation started.&nbsp;</p> 
<p>The Bollinger bands have also contracted suggesting low volatility in the market. The price has declined below the 20-day SMA and is hovering near the lower band.</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>The market structure and price action of Ecash are currently in an indecisive phase as it is stuck in a narrow consolidation zone since mid-July 2023.&nbsp;</p> 
<p>The bearish trend indicates that the price might break the support level of $0.00002940. Moving averages and CMF indicates a rise in bearish pressure while RSI is still trading in neutral territory.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Major support: $0.00002940 and $0.000022</li> 
 <li>Major resistance: $0.000032 and $0.000035</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.&nbsp;</p>

Ecash Price Prediction: Will XEC Price Break $0.000032 Level?

Table of Contents

Thecoinrepublic.com

Autres articles publiés le 3 août 2023

Ether Price Slippage Provides Insight Into Short-Term ETH Trend Changes

Ukrainian Government Demands Financial Information from Crypto Firms

Crypto and AI mania shine spotlight on Chainlink and Borroe

MicroStrategy’s Bitcoin Acquisitions Continue to Soar Amidst Industry Progress

Ethereum (ETH) Price Analysis for August 3

Web3×LLM On-Chain Contract Analysis Tool "DeCipher" Sparks Excitement Among Developers and Resear...

Join our free newsletter for daily crypto updates!