Echelon Prime (PRIME) Token Analysis and Price Prediction

PRIME has outperformed 67% of the top 100 crypto assets and has also outperformed Bitcoin and Ethereum in the last 1 year.

The Echelon Prime token price has surged by 16% in the last 24 hours, bringing its total value to $11.412 million. This increase has resulted in the token being ranked #169 in terms of market capitalization, with a dominance of 0.01%.

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According to analysts, the token’s sentiment is neutral, while the fear and greed index indicates greed among token investors. This suggests that buyers are willing to purchase the token at higher prices, indicating a bullish market sentiment.

Echelon Prime has 18.1K holding addresses, with the top 10 holders collectively owning 79.64% of the token’s total supply. Notably, the number of holding addresses has been steadily increasing over the past few weeks.

The largest holder of the token alone possesses 31.63% of the total supply.

Furthermore, 55% of the token’s holders are in profit, while 37% are experiencing losses. The large holder concentration in the token is 73%.

A Deep Dive into Echelon Prime Token Security

PRIME's security score is 70.56, placing it 1913th in terms of global security. This indicates a moderate level of security for the token.

The token belongs to the BB tier, and its market score is the strongest, boasting a value of 93.18. However, it lacks fundamentals, resulting in a score of 36.08/100.

The project has been active for 2 years and 11 months, indicating medium maturity. During the past seven days, the token has seen 337 active users, who made 705 transactions, transferring tokens worth $4.2 million.

Technical Analysis of PRIME Token

Examining the price chart, we can observe that the PRIME token has been in a prolonged downtrend, with its price steadily declining over the last four months. This extended period of downward movement has significantly impacted the token's value.

However, recent surges indicate that the token may be establishing a base at a lower level. This pattern is often viewed as a potential reversal signal, suggesting that the selling pressure may be weakening.

If PRIME manages to break above the most recent swing high, it could signal the beginning of a strong uptrend. This breakout would likely attract renewed interest from investors, potentially driving the price higher and marking a shift in market sentiment.

A technical analysis of the Echelon Prime token highlights several key indicators.

The 50-day and 200-day EMAs are currently trading in a death cross formation. However, PRIME has recently broken out above the 50-day EMA and is sustaining above it.

PRIME/USD Chart by TradingView

The MACD indicator is displaying a neutral behavior, with the MACD and the signal line initially trading in a bullish crossover but later shifting to a bearish trajectory. Additionally, the indicator is presenting a sequence of decreasing bullish histograms on the chart.

The RSI indicator is hitting the overbought zone and has risen above the 14-day SMA, indicating a strong momentum in token price.

Finally, support levels for PRIME are at $3.0 and $4.6, while resistance levels are at $13.80 and $20.0.

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