Can It Trigger a Rally Beyond 20-Day EMA Mark?
The post Can It Trigger a Rally Beyond 20-Day EMA Mark? appeared on BitcoinEthereumNews.com.
The eCash (XEC) crypto replicates buying momentum and retains the round mark of $0.00005000. Amidst the price consolidation, the token has yet to trigger a rally ahead. In addition, XEC crypto made a double bottom formation and received support on the 200-day EMA mark. Nonetheless, if the eCash crypto price succeeds in breaching its 20-day EMA hurdle, a possible up move can be seen shortly. At press time, the eCash crypto price traded at $0.00004969 with an intraday surge of 3.10%, reflecting neutrality on the charts. It has a monthly return ratio of -4.30% and 101.29% yearly. The pair of XEC/BTC is at 0.000000000721 BTC, and the market cap is $977.73 Million. Analysts are neutral and suggest that the XEC price will continue to reflect range-bound price moves, which might reveal neutrality ahead. Will XEC Price Escape Out Of Range Ahead? For weeks, the XEC crypto signifies low-volume buying, and the token stays in a narrow range, which signifies consolidation. Meanwhile, the buyers secured the 200-day EMA mark and reverted back from there. A break and close above the $0.00006000 mark would confirm the double bottom breakout and might trigger a solid up move ahead. Source: Santiment Amid the range-bound price moves, the trading volume remained flat and dropped by 21.90% to $12.21 Million. Ranked at 99 per the market cap, the token has a total supply value of 21 trillion. Per the technical analysis of 26 indicators, 9 indicators gave a sell rating, whereas 9 gave neutral, while only 8 indicators looked strong and suggested a buy call. The RSI curve stays close to the midline region and signifies a convergence of the signal line with the RSI line, suggesting a possible crossover soon. Social Volume and Twitter Follower Data Indicate Optimistic Outlook This week, a significant surge in…
Filed under: News - @ May 25, 2024 8:20 pm