Echoin Technical Analysis: Price Escalates to $0.004998

Technical Key Points

EC Past Performance

In the last 24 hrs, Echoin has traded as low as $0.002664 and as high as $0.00724. EC currently has a market capitalization of $13,144,171 and its 24 hr t$0.004998. As of 22 April Echoin was on a bearish trend until mid-May when it found support at $0.004 levels and started an upward journey. The recent all-time high of $0.00724 was on June 2nd.

Echoin Technical Analysis

EC is currently trading at $0.004998 a rise of 78.27% in the last 24 hrs. The MACDline is crossing the signal line as the MACD are beginning to form green bars indicating that a bullish move might occur in the near future. RSI is at 65.4% and is currently in the overbought region, but a bearish crossover looks imminent. which indicates that the price may continue to rise in the short term. The immediate support levels are at $0.004 and $0.0035. The resistance levels are at $0.006 and $0.00724

The Bollinger bands have started to squeeze indicating that a breakout is imminent, and the price may rise in the future. The RSI line seems to be on a rise to reach the overbought levels and the MACD lines are also on a rise. Out of the 26 indicators, 14 show a buying signal, 8 holds, and 4 sell signals. The oscillators show 3 buys, 7 holds, and 1 sell signal. The moving averages show 11 buys, 1 hold, and 3 sell signals. From the above technical analysis, it can be concluded that Echoin is currently in a bullish trend and the price may continue to rise in the future.

EC Upcoming Trend

The recent all-time high of $0.00724 might act as a resistance level in the future. If the price breaks out above this level, it might target the $0.01 level in the future. On the other hand, if the price breaks down below the $0.004 support level, it might target the $0.002 level in the future. Therefore, investors are recommended to buy EC on dips and hold for the long term.