eCash (XEC) Price Skyrockets Over 140% in a Week

eCash (XEC) Price Skyrockets Over 140% in a Week
  • eCash (XEC) price surges over 140% in a week. 
  • XEC is the new battle-tested crypto forged from centuries of economic theory.

The world of crypto assets often has us amazed. More often than that, it has us standing still, amazed at its working. Now, it looks like we’re at that point again. eCash (XEC) price surges over 140% in a week. 

eCash (XEC) Price Chart (Source: CoinMarketCap)

According to CoinMarketCap, the price of eCash (XEC) is trading at $0.0001769 with a 24-hour trading volume of $697,200,519, at the time of writing.

XEC is the new battle-tested blockchain based digital asset forged from centuries of economic theory and over a decade of real-world digital asset experience. Moreover, eCash is the implementation of the tech-secured sound currency which is envisioned by luminaries in monetary philosophy like Milton Friedman.

eCash (XEC) Ascending Channel Pattern (Source: TradingView)

The above price chart shows the ascending channel pattern of XEC. Ascending channel pattern is developed from two uptrend lines drawn above and below a price indicating resistance and support level. An ascending channel pattern is the opposite of the descending channel. 

A breakout above the upper trend line generates a strong buy signal. While a break down below the lower trend line generates a strong sell sign. Ascending channels often merge within an overall downtrend in prices and represent neither a continuation of the trend nor a reversal of the trend.

In the daily time frame chart, it is possible for the XEC to reach $0.0003 if the bull trend continues. Or else, it will fall to the next support level at $0.00008. So, the trend of the XEC is based on the breakout. With upcoming developments and upgrades XEC has a great future ahead. 

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.