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 <p class="is-style-lead">eCash (XEC) has skyrocketed to a one-month high of $0.00002776 as trade <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> spikes by a remarkable 1,455% over the past 24 hours on the heels of renewed investor interest.</p> 
 <p>The asset’s recent bullish run began yesterday following a discouraging slump to $0.00002252. XEC had continued to consolidate below the resistance level at $0.00002428 since the start of the month. The prevailing market uncertainty inhibited any surge above the threshold.</p> 
 <figure class="wp-block-image size-full">
  <img decoding="async" width="3840" height="1300" src="https://cdn.thebittimes.com/images/2023/09/19/8c65f875f3f14d147300398fabae41ba.webp" alt="eCash rises 23% in one day, with volume up 1,455% - 1" class="wp-image-14196051">
  <figcaption class="wp-element-caption">
   XEC price, social volume and development activity – Sept. 19 | Source: Santiment
  </figcaption>
 </figure> 
 <p>Riding on an emergence of bullish sentiments, XEC spiked to a one-month high of $0.00002776 yesterday, marking a 23% increase from $0.00002252. Despite opposition met at the $0.00002776 high, the asset has retained most of the gains.</p> 
 <p>Currently, XEC trades above the 50-day EMA (Exponential Moving Average) at $0.00002510 and below the 200-day EMA at $0.00002830 on the daily timeframe. This pattern signifies mixed sentiments in the market.</p> 
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 <p>Notably, it confirms that eCash shows short-term strength, indicating recent positive momentum, but also reveals long-term weakness, suggesting that the trend may not be as favorable over a more extended period.</p> 
 <p>The MACD Indicator further supports the short-term bullish trend. On the daily timeframe, the MACD Line and the Signal Line have continued to move upward, indicating a short-term bullish momentum in the asset’s price.</p> 
 <p>Moreover, according to data from Santiment, eCash’s social <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> skyrocketed by 270% over the past three days after taking a 250% dive on Sept. 15.</p> 
 <p>The rally comes while the asset’s development activity suggests a significant rise over the past week. Per Santiment, XEC’s development has risen by 120% in the mentioned timeframe.</p> 
 <h2 class="wp-block-heading" id="xec-sees-1-455-surge-in-volume">XEC sees 1,455% surge in volume</h2> 
 <p>Market watchers have attributed the recent rally to a growing interest in the asset among investors. Remarkably, XEC’s 24-hour trade <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> has skyrocketed by a massive 1,455.30%, data from CMC shows.</p> 
 <p>The asset now boasts a $150.2 million in trading <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> across all exchanges, placing it 23rd on the list of assets with the highest <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a>s. XEC towers above notable tokens, such as Shiba Inu (SHIB) and Filecoin (FIL), in trading <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a>.</p> 
 <p>As a result of the price increase, its market cap has also surged by 13.80% over the past 24 hours, leading to $518.7 million in valuation. With a 23.92% increase in the last seven days, XEC comfortably trades at $0.00002669 at the time of writing.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ecash-rises-23-in-one-day-with-volume-up-1-455-tbt63193.html">https://thebittimes.com/ecash-rises-23-in-one-day-with-volume-up-1-455-tbt63193.html</a></p>

eCash rises 23% in one day, with volume up 1,455%

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