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Cryptopolitan 2021-09-04 17:01:02

eCash Price Analysis: XEC below resistance at $0.000353, set to breach?

TL;DR Breakdown The XEC/USDT price is trading below the resistance at $0.000353311.The nearest support can be seen at $0.00021700.Bitcoin is currently at $50.2K, with resistance at $50.5K. eCash has performed quite brilliantly in the recent week with a price rally from $0.00007 to $0.0003. eCash price analysis for today shows a sideways movement below a key resistance present at $0.000343 price level. The trading volume for the cryptocurrency has surged by over 127.25 percent amount to $1,315,257,577.99. The XEC/USDT pair broke the resistance at $0.000277 yesterday and, with this, reached an all-time high of $0.0003846. Today, Bitcoin has been moving sideways, trying to maintain a bullish stance above the resistance at $50.5K. For Bitcoin, the nearest support currently resides at $49.2K. Yesterday, Bitcoin broke the resistance at $49.8K, reaching a price of $51K. Although, the king of cryptocurrencies wasn’t able to maintain that stance, and as a result, it came crashing down to the $50K level. eCash price analysis: technical indicators show bullish signals on the 4-hour chart A reading of technical indicators is an absolute necessity to determine the price movement for a given cryptocurrency for a particular. It is important to discuss the readings on these indicators to determine if the price actions will be bullish or bearish. As visible in the charts below, the XEC/USDT pair is trading below the resistance levels ri...