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XEC price jumped 55% after ASTER listed perpetual futures with up to 5x leverage.
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Open interest reached an all-time high of $2.30 million while derivatives volume rose 85%.
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Technical indicators remain bullish, although RSI signals elevated short-term risk.
The XEC price exploded more than 55% in a single session, climbing from $0.0000062 to $0.0000100 after ASTER announced perpetual futures trading for the token with up to 5x leverage. The listing came with a promotional campaign offering 1.2x trading points through July 25, helping fuel a sharp jump in trading activity across the derivatives market.
XEC Crypto Derivatives Activity Hits New Highs
The biggest story isn’t just the price spike but it’s what’s happening beneath the surface. Open interest in XEC derivatives has climbed to an all-time high of $2.30 million, marking a dramatic increase from levels seen since 2021. Intraday derivatives volume also surged 85% to $4.51 million, while open interest jumped 24%, highlighting growing participation from leveraged traders.
That surge in activity suggests the rally has been accompanied by expanding market interest rather than a price move occurring in isolation.
Technical Indicators Turn Increasingly Bullish in XEC Price
The XEC price has now broken above its 200-day EMA resistance, while the 20-day EMA has crossed above the 50-day EMA, producing a bullish crossover. Momentum indicators also continue favoring buyers, with the MACD showing a wide separation between its signal line and MACD line, reflecting strong upward momentum.
The Awesome Oscillator (AO) histogram is also trending higher, while the Chaikin Money Flow (CMF) sits at just 0.04, remaining well below the 0.20-0.30 zone often associated with stronger selling pressure.
Momentum Builds But Risks Are Rising
Not every indicator is flashing green. The Relative Strength Index (RSI) has climbed to 78, placing the XEC price in overbought territory where profit-taking often begins to emerge.
Even so, if buying demand remains intact after the ASTER listing, the current momentum could extend further. Under that scenario, XEC price may attempt another leg higher toward $0.0000200. However, elevated momentum also increases the risk of a sharp pullback should aggressive sellers step in.
