- ETN price shows some weakness and drops after reaching the peak of $0.04 on intraday session
- The 24-hour volume in ETN is $1,541,043 positive by 20.44%
- The ETN/BTC pair was trading at 0.0000003634 BTC with a loss of 5.80%
The weekly technical chart of ETN price action shows a bullish trend. According to pivot points, ETN’s critical support level was $0.00926. Whereas if it climbs up, the peak of a parabolic movement is at $0.50065. Besides, the chart also features a Doji candlestick pattern showcasing neither bulls nor bears could gain the upper hand. Furthermore, the expected return, in the long run, is up to 2300% after the parabolic move in the future market sessions.
The Schaff Trend Cycle (STC) showcases a positive momentum with a value of 99, indicating a buy signal in the coin. Furthermore, Investors can see an upward curve in the index, which may continue in future trading sessions.
The volume of (6.97M) showcases an enormous volume above the Volume MA (4.96M) of 20-days. Electoneum maintains high buying pressure to drive its price to excessive levels. Investors may also observe heavy volume is loaded in the coin, indicating a big move is expected soon.
Indicators Suggest Buy Signal In ETN Price Action For An Upmove Upto $0.50
ETN Price was trading at $0.02115 with a 7.70% loss daily. Furthermore, technically, the indicators suggest the price shows strength and sustaining above the support, which will ensure a bullish move in future trading sessions. With the support of buying pressure, the price may hit the target price of $0.50055 in a future trading session, which will give returns up to 2300% to the investors. Investors should do their due diligence before investing as investments are subject to market risk.
Target Price: $0.50055
Support: $0.02115