#eCash price recently displayed a positive trend after enduring a week of bearish influence.
Bulls successfully breached a major resistance level at $0.00007500 today after facing multiple rejections.
The conclusion of the last month of Q1 saw $XEC price surge by 84.65%, rising from $0.00003623 to $0.00006777.
Despite achieving a new monthly high, momentum dwindled, resulting in a period of narrow-range trading, indicating weak price action.
MACD shows a consistent rise in the green histogram, indicating heightened bullish momentum in the crypto market.
Additionally, the moving averages exhibit a bullish convergence, suggesting forthcoming positive price action for the altcoin.
If $XEC manages to close above the $0.00007500 level, it may potentially target $0.00011000 levels.
According to Coingabbar's analysis, Conversely, if bears dominate over bulls, the price might lose momentum and test the support level of $0.00006000.
KEY LEVELS :
RESISTANCE LEVEL : $0.00011000-$0.00017000
SUPPORT LEVEL : $0.00004500-$0.00002500
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