Echelon Prime (PRIME) Bounces Back Toward Its Upside Focus

The Echelon Prime token has resurfaced in the second spot on today’s daily crypto movers list. As of the time of writing, the token has recorded a price increase of 7.11%. This notable gain has pushed the market back above key technical levels that may support further upward movement.

Echelon Prime Statistics

Current Price: $2.38

Market Capitalization: $84.56M

Circulating Supply: 35.77M

Total Supply: 111.11M

CoinMarketCap Rank: 361

Key Price Levels

Resistance: $2.50, $3.00, $3.50

Support: $2.00, $1.50, $1.00

Echelon Prime Price Action Punches Through the 9-Day EMA

Although price action on the PRIME daily chart had retraced to lower levels for two consecutive sessions, the ongoing session has posted a notable recovery. As a result, the token is now trading above the 9-day Exponential Moving Average (EMA) curve.

Similarly, the lines of the Moving Average Convergence Divergence (MACD) indicator have moved up toward the equilibrium level from below. Additionally, the last MACD histogram bar appears green and is positioned above the equilibrium line. Technically, this affirms the presence of bullish forces in the current session.

PRIME Eyes Short-Term Gains at $2.50

A look at the Echelon Prime token on the 4-hour price chart reveals that bullish sentiment may be strengthening in the short term. The appearance of recent price action suggests that the market may soon test the nearby resistance level at $2.50.

The latest price candle on this chart has placed the token above the 9-day EMA line. This candle also appears larger than those from recent sessions, indicating stronger momentum. The MACD lines are converging for a potential upward crossover above the equilibrium level. Technically, this strengthens bullish sentiment toward the $2.75 mark as a potential short-term target.

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