The cryptocurrency eCash (XEC) has recently witnessed a remarkable surge in trading, experiencing a significant rise of 58% within a single day.
Currently trading at $0.0000365, eCash has established a support level at $0.00003 and is now eyeing a breakthrough above the $0.00004 level which seems likely over the upcoming days after the broader market momentum continues.
The technical analysis reveals that eCash is currently trading above both the 200-day simple moving average (SMA) and the 50-day SMA, indicating positive price momentum. Additionally, in the past 30 days, eCash has had 17 days of positive price movement (57% of the time), further highlighting its upward trajectory.
XEC 1-day price chart. Source: Finbold
As of June 30, 2023, the prevailing sentiment surrounding eCash’s price prediction is predominantly bullish. A total of 22 technical analysis indicators have signaled bullish signals, while 5 indicators have shown bearish signals. This overall bullish sentiment sugges
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