The post XEC Price Faces Multiple Hurdles Before 2x Breakout Surge appeared first on Coinpedia Fintech News
With a bullish attempt to make a comeback this year, the XEC price trend shows a recovery rally in motion. However, the recovery trend is about to face multiple resistances along the way.
Further, the broader market conditions warn of a surge in bearish sentiments in the altcoins segment. So, will the XEC price sustain the bull run in motion or take a dip under the 50-day EMA? Let’s take a closer look at the eCash price analysis for a clearer view of the ongoing trend.
XEC Price Recovery Rally Takes A Quick Sideways Turn
In the daily chart, the eCash price trend shows a triangle pattern formation with the help of ongoing recovery. The recovery rally surpasses the 50-day EMA and faces opposition from the 200-day EMA.
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The overhead rejection results in a sideways movement between the 200-day EMA and the 50-day EMA, post death cross. Further, the XEC
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