Important support level!

XEC has been on a steep downtrend over the past few weeks. The price of this currency was hovering over a very important support level, which was broken by the selling pressure that formed throughout the market. But the lower support that was considered in the range of $0.0000255 to $0.0000280 has been met with a positive reaction. This area, which was drawn exactly at the previous floor and within the specified range, can be an area for a possible reversal of the trend and change of direction in the above time frames.

Of course, if the resistance of the ceiling of the descending channel is broken, as well as the static resistance of the powerful current. This item requires special support from buyers. Otherwise, if there is an increase in selling pressure in the market and the current support is broken, the price decline can continue to the next range, which is the price of $0.0000200. We can expect a range trend between the specified levels for this week and next week.