In this eCash technical analysis, we will examine the current price action, trading volume, key levels and indicators for XEC-USDT. eCash (XEC) is a cryptocurrency that focuses on providing users with privacy and security through its use of advanced cryptographic techniques, such as zero-knowledge proofs and homomorphic encryption. By leveraging these technologies, eCash aims to enable secure and private transactions for its users, without sacrificing the speed and efficiency of traditional digital currencies. With eCash, users can enjoy the benefits of decentralized finance (DeFi) while maintaining their financial privacy and security.
eCash Price Overview:
As of October 02, 2023, eCash is trading at approximately 3e-05 USDT. Let’s dive into the detailed price action for XEC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 3e-05 |
| High (H) | 3e-05 |
| Low (L) | 3e-05 |
| Close (C) | 3e-05 |
| Volume (C) | 472,766,165,574.00 |
- Open (O): The opening price for today’s trading session was approximately 3e-05 USDT.
- High (H): eCash reached a daily high of around 3e-05 USDT.
- Low (L): The daily low for XEC-USDT was approximately 3e-05 USDT.
- Close (C): At the time of analysis, eCash is trading near its daily close of 3e-05 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 5.65% |
| 3D Change (%) | 9.16% |
| 7D Change (%) | 11.47% |
| 30D Change (%) | 16.64% |
| 90D Change (%) | -16.08% |
| YTD Change (%) | 23.77% |
Over the past three days, XECUSDT has increased by approximately 9.16%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 11.47%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with XECUSDT maintaining an upward trend of approximately 16.64%, despite intermittent fluctuations. Examining the last 90 days, XECUSDT has witnessed substantial drop of approximately -16.08%, reflecting strong long-term confidence. Year-to-date, XECUSDT has steadily increased by around 23.77%, 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 0.55445.
- Momentum score is 0.16638.
XEC USDT Technical Analysis
eCash Trading Volume:
The trading volume for eCash (XEC) over the past 24 hours has been significant, with approximately 472,766,165,574.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): eCash is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for XEC-USDT is currently in the neutral zone, around 54.36604. 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 bullish 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 significant trading volume are neutral signals for potential sideways movement.
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.
