Recently, XEC has been buoyed by stabilized macro inflation and Bitcoin's upward movement, leading to a short-term rebound in risk appetite. Improved capital inflow has pushed the price back above $0.0073, while strong technical support has formed in the $0.0067–0.0068 range. Attention should be paid to a breakout above the previous high at $0.007358; sustained volume and stabilization above this level may expand the upside potential. Conversely, a drop below the $0.00675 support warrants caution for a short-term pullback. Strategically, consider accumulating on dips in batches in the short term, with a stop loss referenced at $0.0067 and targets at $0.0076 or above. However, be alert to volatility risks caused by rapid shifts in market sentiment.

The latest US Core PCE data met expectations, effectively easing inflation concerns and supporting Bitcoin's stabilization and rally. Bitcoin has repeatedly broken above $74,000 and is now approaching the critical $75,000 level—a range seen as the release zone for derivative negative gamma effects. Stimulated by this, XEC rebounded from the late-March low around $0.0066 and has now returned above $0.0073, with a monthly gain of over 10%. Short-term risk appetite in the market has recovered, driving a synchronized rise in small-cap tokens such as XEC.

The latest US PCE inflation data met expectations, easing market uncertainty and stabilizing Bitcoin around $73,000. Core PCE rose 3% year-on-year and 0.4% month-on-month. Despite easing US-Iran tensions, potential energy price impacts remain unreflected. Investors remain cautious about Fed rate cuts. Economist Mohamed El-Erian highlights upcoming CPI data as more critical amid oil price volatility. Analyst Michaël van de Poppe maintains an $80,000 Bitcoin target if key support holds.

Analysts maintain an $80K Bitcoin target as PCE inflation data boosts market sentiment.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

According to Coinglass data, funding rates fell below 0.005% in early April, reflecting a clear bearish bias. As Bitcoin returned to $74,000, funding rates quickly rebounded to neutral, signifying a shift in market sentiment from pessimistic to neutral or even slightly optimistic. XEC's intraday price movements closely correlated with these sentiment shifts; as funding rates improved, trading volumes increased significantly, indicating short-term favorable capital dynamics. However, given the market’s cautious attitude toward macro data and future inflation information, caution is still warranted regarding volatility risks arising from rapid shifts in market sentiment.

On April 10, as Bitcoin surpassed $72,000 again, data from Coinglass showed that funding rates on major centralized and decentralized exchanges indicate a deepening bearish market sentiment. Funding rates, used to balance perpetual contract prices with underlying asset prices, reflect trader sentiment: rates above 0.01% suggest bullishness, while rates below 0.005% indicate bearishness. Current rates point to increased bearishness.

The current mainstream CEX and DEX funding rates indicate a deepening bearish sentiment in the market.

As of April 8, with Bitcoin surpassing $74,000, data from Coinglass shows that funding rates on major centralized and decentralized exchanges indicate a significant weakening of bearish sentiment, with many rates returning to neutral. Funding rates, used to balance perpetual contract prices with underlying assets, reflect market sentiment: rates above 0.01% suggest bullishness, while rates below 0.005% indicate bearishness.

The current mainstream CEX and DEX funding rates indicate a significant weakening of the bearish market sentiment.

On the daily chart, XEC has repeatedly found support between $0.0067 and $0.0068. On April 16th, a large bullish candlestick with increased volume to 14 million marked a strong rally, with the intraday high reaching around $0.007354, the recent peak. If XEC can consistently hold above and break the previous high at $0.007358, new upside potential could open up. Conversely, if it falls back below the key support at $0.00675, short-term bears may take the opportunity to exert downward pressure, resulting in potential pullback risks.

eCash

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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