- 1
The XEC’s changing worth limiting the investors’ ability to shift either way. - 2
The eCash has decreased by nearly 0.30% during the intraday trading session and the current price is $0.00003472. - 3
The pair of XEC/BTC is at 0.000000001476 BTC and has inclined by 1.05%.
Both buyers and bears may experience some deadly outcomes as a result of eCash’s volatile price. Both buyers and bears are pushing the XEC market very aggressively in order to achieve their objectives. Due to the shifting price range on the daily price indicator, investors find it difficult to forecast the XEC’s future movements. The bearish tendency is stopping the coin’s possible rise from occurring. It will be fascinating to examine the market during this pivotal conflict because the bears are also exerting a lot of pressure.
At the time of writing, eCash is selling for about $0.00003472 and has fallen by almost 0.30% during daily dealing. XEC/BTC is presently trading at around 0.000000001476 Bitcoin and has fallen by roughly 0.30 %. The primary support level of approximately $0.00003206 may be approached by the price. If the bulls fail to act, the bears will have no trouble driving the price of XEC to its secondary support, which is $0.00002756. The price increase indicates that buyers are joining the market as it approaches the primary resistance level of $0.00003812. If the bullish strategies are successful, the price may also hit the secondary resistance level of $0.00004205.
The market is being dominated by bulls. The bearish tendency is dragging the XEC back down despite the bulls’ attempts to drive it upward, which is highly perplexing for investors. The XEC’s value has dropped by about 0.30%. This suggests that bears are gaining control of the transaction. And by introducing a powerful bearish trend, the bears risk suffering a catastrophic loss if they ignore it. The bulls need to exert more effort if they want to meet market standards. The bulls will struggle to create a strong market for XEC because the bears want to destroy the bulls.
The technical indicator shows the following: The Relative Strength Index is approaching overbought territory. The current RSI is 48.44 which is below the average RSI of 48.44. The bulls worked hard to get the RSI to the overbought zone. However, the stillness of the bears is an advantage for the bulls to prepare for their desired goals and pushed the RSI into the overbought zone. The bears have to go the extra mile to normalize the RSI. The coin’s price remains above the 20,50 exponential Moving Average. XEC investors counted on the bulls to meet their expectations. However, the bullish trend is taking forward the investors’ hopes.
Conclusion
The current market trend of the coin is bullish but it seems the the bears are trying to drive the price of XEC. The coin is under the bullish dominance and is chasing the upward curve drastically. But the interference of the bears could be a matter of concern for the investors.
Technical Levels
Support Levels $0.00003206 and $0.00002756
Resistance Levels: $0.00003812 and $0.00004205
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/03/01/ecash-price-analysis-will-xec-jump-above-0-00003500/