• The recent movement of the eCash price has shown a positive shift following a period of bearish pressure.
• Bulls successfully broke through a significant resistance level at $0.00007500 today, overcoming challenges.
• In the last month of Q1, the price of XEC surged by 84.65%, jumping from $0.00003623 to $0.00006777.
• Despite reaching a new high for the month, momentum has slowed down, leading to a phase of range-bound trading that suggests weak price activity.
• The MACD indicator indicates a steady increase in the green histogram, signaling increased bullish momentum in the cryptocurrency market.
• Furthermore, the moving averages are showing a bullish convergence, hinting at potential positive price movements for the altcoin.
• A potential target level of $0.00011000 may be on the horizon if XEC manages to close above the $0.00007500 level.
• On the contrary, if bears take control over bulls, the price could lose steam and test the support level of $0.00006000.

KEY LEVELS:

RESISTANCE LEVEL: $0.00011000-$0.00017000

SUPPORT LEVEL: $0.00004500-$0.00002500

Disclaimer: The guidance and chart analysis provided by Coingabbar on cryptocurrencies, NFTs, or any decentralized investments are for informational purposes only and not financial advice. Users should conduct their research, exercise discretion, and understand the risks associated with financial instruments. Coingabbar will not be held responsible for any financial losses. Cryptocurrency and NFT markets can be volatile, and users should seek advice from financial professionals and assess their risk tolerance before investing.