$XEC đŒ just jumped 13%, but could a correction be coming nextâ
XEC gained momentum following its consensus update, with fresh buying supporting the rally. The Money Flow Index suggests that money is still entering the market, which could help XEC attempt another upward move.
However, there are two warning signs traders shouldn't ignore. First, XEC is trading near the upper Bollinger Band, where selling pressure could increase. Second, the Funding Rate dropped to -0.7289%, showing aggressive short positioning.
If buyers maintain control, XEC could climb higher. But if selling pressure returns, a pullback toward $0.000073 or lower is possible.
đ Will XEC continue rising or correct first?
#XEC
#Altcoins
XEC gained momentum following its consensus update, with fresh buying supporting the rally. The Money Flow Index suggests that money is still entering the market, which could help XEC attempt another upward move.
However, there are two warning signs traders shouldn't ignore. First, XEC is trading near the upper Bollinger Band, where selling pressure could increase. Second, the Funding Rate dropped to -0.7289%, showing aggressive short positioning.
If buyers maintain control, XEC could climb higher. But if selling pressure returns, a pullback toward $0.000073 or lower is possible.
đ Will XEC continue rising or correct first?
#XEC
#Altcoins
