eCash (XEC) Rally Faces Resistance as Momentum Fades

eCash (XEC) has been on a tear lately, with its price surging by 40% over the last 30 days. The altcoin's momentum is evident in its gains of 14% in the last 24 hours. However, despite the bullish sentiment, there are warning signs that investors should be aware of.

A closer look at the chart reveals a horizontal resistance line and an ascending support level, which could indicate a potential wall for XEC's rally. The Moving Average Convergence Divergence (MACD) is also pointing to growing weakness, with both lines producing a bearish crossover in recent days.

The Money Flow Index (MFI) suggests that capital inflows into XEC are declining sharply, which could indicate fading demand. This raises the odds that buyers could grow exhausted and lead to a potential downtrend.