The price of eCash (XEC) surged 13%, supported by an announced update to the consensus rules of its payment network and renewed capital inflows. Bollinger Bands indicate that the asset is now overvalued, while the Money Flow Index (MFI), at 66.96, shows that buying activity remains dominant. Spot netflow turned negative at -$50,000 over the past eight hours, following roughly $92,000 in selling during the early trading hours. The funding rate fell to -0.7289%, indicating a high concentration of short positions and increasing the risk of downside liquidations in the near term.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
