XEC surges 13% on Consensus update – But 2 factors suggest a correction

eCash [XEC] saw a dominant surge in price, with a rally of 13% at press time. Several factors have influenced the gains. On the fundamental side, the payment network is making moves to update its consensus rules. Other bullish indicators have emerged from the capital flowing into XEC more recently. However, there is still a major hurdle ahead that could limit the price rally. In fact, the chart data suggests that the asset may be overvalued.

Source: AMBCrypto