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I just looked at XEC's recent performance, and this coin has indeed been somewhat suppressed. From a technical perspective, XEC has been trading below key moving averages, and the rebound strength isn't very strong. The RSI indicator also shows little heat, leaning towards neutral or even somewhat weak.
From its all-time high, XEC's recovery path still looks quite long. Although it rose 3.3% today, the overall trend this week is still downward. In the short term, this trend is indeed not very optimistic.
However, if the overall market can experience a rebound, XEC might have a chance to follow. At such times, it depends on the overall market sentiment. XEC is probably just waiting for an opportunity now, but risks still exist.