The price of XEC exploded more than 55% in one session, rising from $0.0000062 to $0.0000100 after ASTER announced the future trading of the token up to 5x power. The series came up with a promotional campaign offering 1.2x sales until July 25, helping to promote a huge jump in sales in the emerging market.
XEC Crypto Derivatives Activity Hits New Highs
The main issue is not just the price increase but what is happening on the ground. Open interest in XEC derivatives has risen sharply to $2.30 million, which represents a significant increase from the levels seen since 2021. Intraday derivatives volume also increased 85% to $4.51 million, while open interest jumped 24%, reflecting the participation of affected traders.
This increase indicates that the rally has been accompanied by an increase in market sentiment rather than an independent price movement.
Technical Indicators Change Over XEC Price
The XEC price has now broken above its 200-day EMA resistance, while the 20-day EMA has crossed above the 50-day EMA, forming a bullish crossover. Momentum indicators continue to favor buyers, with the MACD showing a wide divergence between its signal line and the MACD line, indicating bullish momentum.
The Awesome Oscillator (AO) histogram is rising again, while the Chaikin Money Flow (CMF) is only at 0.04, remaining below the 0.20-0.30 zone is usually associated with a large sale.
Momentum Builds But Risks Grow
Not every signal is flashing green. The Relative Strength Index (RSI) has risen to 78, putting the XEC price in an overbought zone where profit-taking usually begins.
Even so, if the purchase demand remains stable after ASTER schedulethe current increase may increase. In that time, The price of XEC they can try another leg over $0.0000200. However, a higher rate also increases the risk of a sharp pullback if the sellers take part.
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