The PRIME crypto has been trading swiftly in Intraday on Monday, adding over 1.27% to its market capitalization. The current market capitalization has surpassed the $693.4 million mark and ranks 110th in the overall crypto market.
The Echelon Prime crypto experienced volatility the previous week, with major ups and downs. In the initial sessions, there was a selling pressure. However, in the later sessions, the bulls seemed to have returned, and the price rebounded after retracing the 50-day EMA.
The question on everyone’s minds now is whether the bulls can continue to gain momentum this week.
Can Bulls Keep Gaining This Week?
The last week saw a recovery in the later sessions. The bulls might try to capitalize on this week and reclaim the previous high, but they require volume inflow support to do so.
The PRIME crypto has been trading slightly higher in Intraday today. However, the volume inflow has dropped by almost 22.06% in intraday today. This decrease in volume inflow contradicts the possibility of a resurgence. The intraday volume received was $5.363 million.
Both short-term and long-term trend outlooks are bullish, which may drive the overall trend on the higher side. However, volume support is required to push the price further.
Social Sentiment Keep Growing?
The social sentiment tools, such as social volume and social dominance, provide valuable insights into the shifts in the behavior of social media users regarding the Echelon Prime cryptocurrency.
These tools help analyze user activity across various platforms, including Twitter, Telegram, Instagram, and others. The social media activity informs about any updates or changes occurring within the cryptocurrency community.
Moreover, the social activity chart displays that PRIME crypto’s social dominance and social volume have drawn a positive curve in the short term. This upward trend is a promising sign, indicating a healthy growth in the number of social users interested in the Echelon Prime cryptocurrency.
Prime Crypto Price Prediction April 2024
The PRIME crypto price prediction for April 2024 shows that the price may advance to a high of $27.9 if buyers are able to hold the price above the 20-day exponential moving average. On the other hand, the less optimistic analysts estimate a price target of $13.89 on the lower side after the breakdown below $17.52 and 50 EMA.
жыйынтыктоо
The PRIME crypto has been trading with volatility but has added over 1.27% to its value. The market capitalization has surpassed $693.4 million and ranks 110th in the crypto market. Both short-term and long-term trend outlooks are bullish, but volume support is required to push the price further.
Social sentiment tools indicate a healthy growth in the number of social users interested in the Echelon Prime cryptocurrency. The PRIME crypto price prediction for April 2024 shows that the crypto may advance to a high of $27.9, while less optimistic analysts estimate a price target of $13.89.
Техникалык деңгээлдер
- Колдоо деңгээли: $ 17.52 жана $ 13.89
- Каршылык деңгээли: $ 21.72 жана $ 27.9
баш тартуу
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Стив Андерсон - австралиялык крипто-энтузиаст. Ал 5 жылдан ашуун убакыттан бери менеджмент жана соода тармагында адис. Стив крипто-трейдер болуп иштеген, борбордон ажыратуу жөнүндө билип, блокчейндин чыныгы мүмкүнчүлүктөрүн түшүнүп, жакшы көрөт.
Source: https://www.thecoinrepublic.com/2024/04/22/can-the-50-ema-spark-a-bullish-resurgence-for-prime-crypto/