Well the $XEC is performing as expected. I believe that it might go down a bit more and then it would finally start to rise again.
I suggest to wait for the price to rebound from the level of 0.00004700. If the price rebound from it and crosses the level of 0.00005400 only then you should step in for buying.
Those who are holding their coins should pray more as only their prayers can turn the tables for now.