Electroneum Price Analysis: ETN Coin Price Is Ready To Jump For The New High Above $0.1

• Electroneum coin price is currently trading near the value of $0.0066 with an intraday gain of 5%. In contrast, ETN/BTC pairs can also see an upside momentum in the near future.
• Technical indicators for the coin suggest a bullish momentum in the future. Meanwhile, the recovery for the asset price is starting to pick a pace

ETN coin price is currently trading near the value of $0.0066 with an intraday loss of 4.69%. ETN token has a very high ROI which has always been an attractive point for the investors. The price is currently taking the support near 1 fib and can see rise above the current support in the future.If the price of the asset breaks above the resistance of 0.786fib then it can touch the new highs. Electroneum is currently observing a weak bullish momentum and can see the new highs in future.

Electroneum coin is ranked 254th in the CMC and  has a market capitalization of more than $139,173,250. The volume of the asset price is also seeing the rise from the past couple of weeks. Volume to Market cap ratio for Electroneum token also hints at a strong bullish momentum for the upcoming days.

Technical Indicators For ETN Coin Price Suggests An Uptrend For Upcoming Weeks

The weekly technical chart of the ETN coin price suggests a strong uptrend for the upcoming weeks. On the daily chart, the price is observing a consolidated momentum with a hint of bearish trend. Moving average on the daily chart has given a negative crossover in the past trading session. The asset price is currently below the 50 and 100 DMA. ETN coin resistance zone  while going upside down can be seen  near the value of $0.015. Meanwhile, the support for the price can be observed at $0.004. A consolidation zone has been formed on the daily chart. If the price jumps 15% above the zone then a strong bullish momentum can be observed. ETN/BTC pair is currently in a downtrend but can soon observe an upside momentum

RSI (Bullish): RSI for the coin is near the value of 41.79 with a positive slope. It tells that the price may see a strong upside momentum in the future.   

Conclusion

Electroneum price has been profitable to the investors in the past and can be the same in future. ETN coin price is currently observing a consolidated momentum with a hint of bullish trend. Investors should do their due diligence before investing.

Technical Levels

Major Resistance:$0.015

Major Support:$0.004

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