Recently, Ecash XEC price surged roughly 72.79%. Forming an annual high at $0.00004572, the altitude quickly decreased due to driven bearish forces crashing the price back below $0.00004. Since mid-July 2023, XEC has remained in a consolidation zone between $0.000032 and $0.00002940, failing multiple times to escape. A candle closing above $0.000032 holds a potential for a $0.000035 increase swherease a further bear push of XEC towards the support level of $0.00002940 can result in the detrimental-melting hike of $0.000022.
Based on XEC operating on a Proof-Of-Stake blockchain merged with Bitcoin Cash spawn, the cryptocurrency ecstasy of opportunity for similar growth endeavors has taken.
Moneyflow (CMF) pointing the nose downwards at -0.22 due to bearish momentum and Relative strength index RSI clocking in at 47.35 further indicates the neutral as well as rollercoaster-grounded potential of this asset.
As in any investment decision, financial loss remains a dive factor – assess the XEC market according to your resource’s urgency; as at current, the structure is lodged perplexingly indecisive within its consolidation zone.
