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eCash (XEC) is a cryptocurrency that has seen fast growth because the crypto panorama continues to see larger ranges of adoption. Its strengths lie in effectivity and comfort in on-line transactions.
The challenge additionally attracted the eye of the crypto market within the final two days after its value quickly surged. The token has been buying and selling sideways for the primary ten days of September, trapped between assist at $0.0000228 and resistance at $0.0000236.
How did eCash carry out?
The worth dropped between September 10 and 12 as bears took over the market. The token reached its lowest value within the final 30 days on September 11, hitting the assist at $0.000022.
Its value noticed sharp progress from then on, which took it to $0.00002413 on September 16. Nonetheless, the resistance at $0.000024 prevented the token from staying at this peak, and it quickly rejected the worth again towards $0.000022.
Issues modified yesterday, September 18, when the worth out of the blue surged, ascending sharply previous all earlier resistances and hitting $0.000028 in hours. Sadly, the resistance rejected the token’s price, and XEC rapidly dropped to $0.00002521, ending the day.
Earlier right this moment, September 19, the worth noticed one other enhance, taking it to a resistance at $0.00002710, however this degree rejected it once more. The worth dropped to $0.000026, solely to bounce again up and make one other try to develop, to be stopped and dismissed for the second time by the identical resistance.
On the time of writing, it sits at $0.00002659; each week, it’s nonetheless 20% larger than it was one week in the past. Even on a every day chart, XEC’s worth is 14% larger than 24 hours in the past. Curiously, its quantity skyrocketed previously day, rising by 1,520%, reaching $154.8 million.
XEC is Now Excessive-Danger After Being Bullish for Days
Consultants have famous that XEC has been bullish for a number of days now, and by analyzing the waves, one skilled realized {that a} sizeable symmetrical sample is being shaped.
It is usually price noting that eCash acquired a high-risk score from InvestorsObserver evaluation. The metric thought of latest quantity and market cap modifications to guage how a lot the coin will be manipulated by restricted buying and selling.
Wall Avenue Memes Finishing its Presale: Final Likelihood to Purchase
Whereas eCash is correcting, alternative seekers may wish to flip their gaze to some initiatives that maintain potential however will not be but affected by the market’s volatility.
Tasks in the course of a presale are an ideal instance, and among the best out there choices proper now could be Wall Avenue Memes (WSM).
The challenge was the large meme coin this summer time, elevating over $25 million over the previous few months. Its presale remains to be ongoing, however it would finish in a matter of days, with the token getting listed on the exchanges six days from now.
In different phrases, that is the final alternative to purchase it earlier than its value turns into risky and earlier than it takes off in a single path or one other.
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