XEC Rally Hides Warning Signs of Impending Resistance

eCash (XEC) has been on a tear lately, surging by over 40% in the last 30 days and flashing signs of buy-side dominance. The altcoin's gains have been impressive, with a hike in bullish interest evident in its price action.

However, closer inspection reveals that XEC's rally structure is hiding a potential resistance wall ahead. According to data from TradingView, the altcoin is surging towards a major resistance zone that could impede further growth and even lead to a downtrend.

The momentum behind XEC is still strong, with volume up by 309% to $31.4 million. However, the Moving Average Convergence Divergence (MACD) is pointing to growing weakness, with both lines producing a bearish crossover that's trending lower towards the negative zone.

The Money Flow Index (MFI) also suggests that investors may be pulling back, with capital inflows into XEC declining sharply. This raises concerns about demand sustaining the rally, and the odds of buyers becoming exhausted may be high.