eCash (XEC) experienced significant price volatility after Aster DEX listed perpetual futures for the asset. The token initially surged 55% to $0.00001 before retracing to $0.000006. Buyers subsequently returned, driving the price back up to $0.0000087. At the time of writing, XEC was trading around $0.0000078, marking a 14.7% gain on the daily charts. This rebound was accompanied by a 106% surge in trading volume to $36.8 million. On-chain data revealed a shift from intense profit realization to renewed accumulation, with spot netflow turning negative, indicating capital flowing out of exchanges.
After Aster DEX listed eCash perpetual futures, XEC pumped 55% to $0.00001. Derivatives volume on Aster surged 85% to $4.5 million, while overall volume surpassed $7 million. The altcoin retraced to $0.000006 before buyers returned, reversing the trend and hiking the price to $0.0000087.
At the time of writing, eCash traded at $0.0000078, up 14.7% on the daily charts. Trading volume climbed 106% to $36.8 million while the market cap rose 13% to $158 million. Data from Coinalyze showed Daily Perpetuals Buy Volume reached 174.6 billion versus 172 billion in sell volume. The buy-sell delta rose to 2.6 billion, with a positive net buying of 77.5 billion.
Derivatives Volume rose 4% to $1.4 million while Open Interest jumped 2% to $2.8 million. This confirmed that traders deployed capital to open new positions. On the spot side, Netflow turned negative after six consecutive days of negative flows. After the Aster listing, netflow skyrocketed to an ATH of $927k before cooling down to -$50k, signaling a shift from profit realization to accumulation.
XEC’s +DI climbed to 41 and the ADX rose to 46, indicating strong upward momentum. The altcoin is currently testing the 200-day EMA at $0.000008, with a potential reclaim of $0.00001 or a pullback to $0.000006.
