Monday, January 30, 2023
HomeBitcoineCash Worth Prediction As XEC Trades At $0.000032 Above A Key Degree

eCash Worth Prediction As XEC Trades At $0.000032 Above A Key Degree

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eCash value is buying and selling within the pink after recording 10% good points between Sunday and Monday. The good points for XEC had been as excessive as 16% on Monday alone when the altcoin, previously referred to as Bitcoin Money ABC (BCHA), climbed to a excessive of $0.0000351. 

On the time of writing, the eCash value was buying and selling at $0.000032, up solely 0.08% on the day. XEC’s buying and selling quantity is up 17% within the final 24 hours to $52,038,198 with a stay market cap of $630,906,138, inserting it at #70 on CoinMarketCap rating. 

eCash Worth Wants To Maintain Above The $0.000027 – $0.000030 Demand Zone

After coiling up above the $0.000021 assist line, eCash (XEC) launched into restoration on January 4, rising 50% to the present ranges, resulting in the creation of an ascending parallel channel on the day by day chart. 

This uptick noticed the XEC value rise above key ranges, flipping them into assist. These embrace the $0.000024 main assist stage, the 50-day easy transferring common (SMA) at $0.00002461, and the 100-day SMA at $0.00002968. 

Maybe crucial achievement for the eCash bulls was overcoming provider congestion from the $0.000027 – $0.000030 value vary. Word that XEC consolidated inside this vary between November 12 and December 15 earlier than dropping under it, recording 22% losses to hunt solace from the $0.00002148 assist flooring. 

Due to this fact, eCash should maintain above this zone to maintain the restoration. In any other case, dropping again towards this zone might put the token susceptible to additional losses.

XEC/USD Every day Chart

TradingView Chart: XEC/USD

The transferring averages had been going through up and the transferring common convergence divergence (MACD) indicator was transferring deeper into the optimistic area away from the impartial line. This advised that the uptrend was nonetheless sturdy and that the XEC value might proceed rising.

Due to this fact, a day by day candlestick shut above the $0.000034 psychological stage would see the eCash token rise to confront resistance from the $0.0000358 barrier, the place the 200-day SMA and the higher boundary of the ascending channel meet. 

Overcoming this hurdle would open the way in which for a climb to the $0.00003992 main resistance stage or greater towards the October 8 swing excessive at $0.00004823. This is able to characterize a 47.14% ascent from the present value.

On the draw back, a day by day candlestick shut under the decrease boundary of the prevailing chart sample at $0.00003103 would pull XEC again into the aforementioned value vary. Merchants might anticipate the value to consolidate right here for a couple of days.

Nevertheless, elevated promoting stress from this zone might see eCash drop additional first towards the 50-day SMA at $0.00002641 and later to the $0.00002148 demand zone or the decrease boundary of the channel at $0.00001960. 

Promising Various To eCash With Assured Returns

eCash value will proceed rising so long as it stays throughout the confines of the rising channel. Nevertheless, the value volatility attribute of the crypto market might see the token lose all of the good points made thus far. As such, traders are suggested to diversify their investments with new tokens in presale with the potential to make 10x returns when they’re listed on exchanges. 

One such crypto is  Meta Masters Guild (MEMAG) – the quickest rising Play-to-Earn (P2E) Guild in 2023. Meta Masters Guild is about to turn into the biggest cell gaming guild in Web3, delivering enjoyable and addictive video games with playable NFTs, the place group members earn superb rewards, stakes, and trades.

MEMAG is the native token of the platform and is presently within the presale stage and recording wonderful outcomes. Word that stage 2 of the presale was bought out with the MEMAG group elevating upwards of $1.2 million. 

Be a part of the MEMAG stage 3 presale now and benefit from the P2E motion.

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