$XEC Next target analysis:
Based on the chart and indicators, here’s an analysis of potential targets for XEC/USDT:
1. Immediate Resistance Levels:
The current resistance is around 0.00004335. A breakout above this level could signal the start of a new upward trend.
2. First Target:
If the price breaks above 0.00004335, the next target would be near 0.00004800. This level marks the previous high in the chart, which could act as a strong resistance point.
This target aligns with prior price movements where XEC faced selling pressure, so it’s a reasonable target if buying momentum continues.
3. Second Target:
If the bullish momentum is strong and XEC breaks through 0.00004800, the next target would be around 0.00005200. This level is likely to attract sellers and could be challenging to breach without high volume and momentum.
4. Downside Support:
In case of a downward move, the immediate support is around 0.00004172. A fall below this level may push XEC toward 0.00003850, which is the next strong support level based on historical price data.
Summary:
Bullish Scenario:
Break Above 0.00004335: First target at 0.00004800.
Break Above 0.00004800: Next target at 0.00005200.
Bearish Scenario:
Break Below 0.00004172: Next support at 0.00003850.
