eCash Price Prediction: Can XEC Achieve a 50% Increase in the Next Month?

Updated: 19 September 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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eCash (XEC) is a cryptocurrency that has seen rapid expansion as the crypto landscape continues to see greater levels of adoption. Its strengths lie in efficiency and convenience in online transactions.

The project also attracted the attention of the crypto market in the last two days after its price rapidly surged. The token has been trading sideways for the first ten days of September, trapped between support at $0.0000228 and resistance at $0.0000236.

How did eCash perform?

The price dropped between September 10 and 12 as bears took over the market. The token reached its lowest price in the last 30 days on September 11, hitting the support at $0.000022.

Its price saw sharp growth from then on, which took it to $0.00002413 on September 16. However, the resistance at $0.000024 prevented the token from staying at this height, and it soon rejected the price back toward $0.000022.

Things changed yesterday, September 18, when the price suddenly surged, ascending sharply past all previous resistances and hitting $0.000028 in hours. Unfortunately, the resistance rejected the token’s worth, and XEC quickly dropped to $0.00002521, ending the day.

Earlier today, September 19, the price saw another increase, taking it to a resistance at $0.00002710, but this level rejected it again. The price dropped to $0.000026, only to bounce back up and make another attempt to grow, to be stopped and dismissed for the second time by the same resistance.

At the time of writing, it sits at $0.00002659; every week, it is still 20% higher than it was one week ago. Even on a daily chart, XEC’s value is 14% higher than 24 hours ago. Interestingly, its volume skyrocketed in the past day, increasing by 1,520%, reaching $154.8 million.

XEC is Now High-Risk After Being Bullish for Days

Experts have noted that XEC has been bullish for a few days now, and by examining the waves, one expert realized that a sizeable symmetrical pattern is being formed.

It is also worth noting that eCash received a high-risk rating from InvestorsObserver analysis. The metric considered recent volume and market cap changes to evaluate how much the coin can be manipulated by limited trading.

Wall Street Memes Completing its Presale: Last Chance to Buy

While eCash is correcting, opportunity seekers might want to turn their gaze to some projects that hold potential but are not yet affected by the market’s volatility.

Projects in the middle of a presale are a perfect example, and one of the best available options right now is Wall Street Memes (WSM).

The project was the giant meme coin this summer, raising over $25 million over the last few months. Its presale is still ongoing, but it will end in a matter of days, with the token getting listed on the exchanges six days from now.

In other words, this is the last opportunity to buy it before its price becomes volatile and before it takes off in one direction or another.

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