XEC USDT eCash Technical Analysis

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By Frans van Elst

eCash logo In this eCash technical analysis, we will examine the current price action, trading volume, key levels and indicators for XEC-USDT. eCash is a decentralized digital currency that offers fast and secure transactions without the need for intermediaries. It utilizes advanced cryptography to protect user privacy and security, ensuring that all transactions are safe and tamper-proof. With eCash, users can easily make purchases online or send money to anyone, anywhere in the world, with low fees and lightning-fast speeds.

eCash Price Overview:

As of April 17, 2024, eCash is trading at approximately 5e-05 USDT. Let’s dive into the detailed price action for XEC-USDT:

Acknowledge potential headwinds for eCash (XECUSDT) at 4.92e-05 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.

Metric Value
Open (O) 5e-05
High (H) 5e-05
Low (L) 5e-05
Close (C) 5e-05
Volume (C) 56,822,881,859.00
  • Open (O): The opening price for today’s trading session was approximately 5e-05 USDT.
  • High (H): eCash reached a daily high of around 5e-05 USDT.
  • Low (L): The daily low for XEC-USDT was approximately 5e-05 USDT.
  • Close (C): At the time of analysis, eCash is trading near its daily close of 5e-05 USDT.
Metric Value
1D Change (%) -5.81%
3D Change (%) -13.58%
7D Change (%) -32.78%
30D Change (%) -3.15%
90D Change (%) 53.00%
YTD Change (%) 31.97%

Over the past three days, XECUSDT has fallen by approximately -13.58%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -32.78%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with XECUSDT maintaining a downward trend of approximately -3.15%, despite intermittent fluctuations. Examining the last 90 days, XECUSDT has witnessed substantial increase of approximately 53.00%, reflecting strong long-term confidence. Year-to-date, XECUSDT has steadily increased by around 31.97%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

eCash Live Chart:

You can access a live price chart for XEC-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 1.09277.
  • Momentum score is -0.26195.

XEC USDT Technical Analysis

eCash Trading Volume:

The trading volume for eCash (XEC) over the past 24 hours has been insignificant, with approximately 56,822,881,859.00 USDT traded against XEC. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): XEC is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): eCash is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for XEC-USDT is currently in the neutral zone, around 45.77985. This suggests that eCash is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

eCash (XEC-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Acknowledge potential headwinds for eCash (XECUSDT) at 4.92e-05 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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