eCash (XEC) Price Prediction – Will XEC Price Hit $0.0003 Soon?

This eCash (XEC) price prediction 2022 article is based on technical analysis. Below, you will see the key confluences why we arrived at our eCash (XEC) price analysis and prediction.

The cryptocurrency market is growing steadily and gaining momentum with the total market capitalization of all cryptocurrencies tending towards $1.282 trillion according to CoinMarketCap.

In this eCash (XEC) price analysis and price prediction, we take a look at the performance of XEC and if it will reach $30 by the end of 2022. But before that, let us look at what is eCash (XEC)?

What is eCash (XEC)?

ECash (XEC) is led by its lead developer Amaury Sechet, who was the lead developer of Bitcoin Cash (BCH) and forked that blockchain to establish the predecessor of eCash, Bitcoin Cash ABC (BCHABC). That fork happened on November 15, 2020. Sechet then decided to rebrand Bitcoin Cash ABC to establish a new brand identity for eCash, explaining that a reduction of decimal places would help with the adoption of the coin:

The developers of eCash (XEC) intend the coin to support Ethereum Virtual Machine (EVM)-compatibility and to be interoperable with the decentralized finance (DeFi) sector on Ethereum (ETH).

Current Market Status for eCash (XEC)

At the time of writing, the price of XEC is $0.000045 with a 24-hour trading volume of $10,267,714 and an increased in price by 0.96% in the past 24 hours.

The present circulating supply of eCash (XEC) is 19,063.90B XEC. Some of the major crypto exchanges for trading XEC are Kucoin, Binance, Huobi Global, OKX, Mexc, and other.

Now that we have seen the present status of eCash (XEC) in the market, let’s look at the price analysis of XEC.

eCash (XEC) Price Analysis 2022

eCash (XEC) is in the 60th position in the market capitalization of cryptocurrencies according to CoinMarketCap. It has increased by 0.96%% in the past 24 hours. But will the recent changes and development in the blockchain help the digital currency price to reach higher? Let’s proceed to the charts in this eCash (XEC) price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for XEC/USDT, we can deduce that the price of eCash might get bullish in some days since the price is in the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 39.79.  This shows that eCash (XEC) is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger a bullish run if investors reposition themselves either towards the buyers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is small and both moving averages are above the recently formed candlestick, the next bullish run might be short.

eCash (XEC) Price Prediction

The chart below shows that eCash (XEC) has performed great over the past few days. If this trend continues, XEC might run along with the bulls, overtaking its $0.000068 resistance1 level and climb higher to $0.000267 at the resistance5 level, the bullish signal for 2022.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone eCash (XEC) from its uptrend position. In simpler terms, the price of XEC might dip to $9.28, a bearish signal.

Meanwhile, our long-term eCash (XEC) price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.0005926 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.

eCash (XEC) Price Prediction 2022

If this bullish trend continues, eCash (XEC) will reach $0.000267 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.000068. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.0003 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

eCash (XEC) Price Prediction 2023

If eCash (XEC) holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.0005, making it not plummet but play consistently.

eCash (XEC) Price Prediction 2024

As per the latest upgrades, developments, eCash (XEC) price prediction, and new project forecasts of the platform, XEC investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of XEC in the crypto market, and it will be the best investment as the price can spike and reach around $0.0008.

eCash (XEC) Price Prediction 2025

In the next four years, eCash (XEC) prices could race up to $0.001. However, reaching this level could not be so difficult for XEC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XEC has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

eCash (XEC) Price Prediction 2026

In the next five years, eCash (XEC) prices could race up to $0.002. However, reaching this level could not be so difficult for XEC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XEC has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

eCash (XEC) has a bright future ahead of it from 2022 to 2026. With ongoing developments happening within the eCash (XEC) ecosystem, as well as in the overall crypto market, we may see XEC reach $0.0003 soon.

Meanwhile, our long-term eCash (XEC) price prediction 2022 is bullish. In addition, it has a high possibility of surpassing over $0.0005926 and may reach above $0.0003 this year. However, that will only happen if it breaks past many psychological resistances.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.