- The Ergo coin price falls, around 8.0% during intraday.
- The 24-hour trading volume is at $3.189 million.
- ERG/BTC pair is trading negative by 6.1% at 0.00017085 BTC.
Ergo coin daily technical chart and price trend show a downtrend. Based on the pivot point, the support zone is 4.0 USDT. Another way to look at it is that if it rushes upside, the resistance level to watch is 18.0 USDT. Therefore, the chart shows a Doji candlestick pattern during the day, and the cost is confident that it will remain sideways with unwavering medium strength over a short period of time.
The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that cost slips below the red band. This guarantees a fall in Ergo until it is below the ribbon.
Trading volume (119.813 K) is below the 20-day moving average (233.849 K). The volume is moderate, so the cost is below the pivot point. Investors may also notice that the volume bar on the chart decreases. This indicates that unusual volatility is common on the following trading days.
The Stochastic RSI (bearish) with a value of K-6 D-23 provides a sell signal in currency. Investors can observe steep index slopes and negative crossover, which can stay in the negative realm for future trading sessions.
Long-Term Perspective of Ergo Coin Price Trend
The weekly technical chart and price trend of Ergo coin show a bullish trend. Based on the pivot levels, the support zone is $4.0 USDT. On the upside, if it breaks, the level of resistance to search is $32.0. In addition, the chart shows the Heikin Ashi candles, which have tremendous upside potential in asset price movements.
Ergo value today is $10.41 with a 24-hour exchanging volume of $3,189,574. ERG cost is down – 8.0% as of now. It has a flowing stock of 45 Million ERG coins and an all out supply of 97.7 Million. The Stochastic RSI points to a selling signal, and the traders have prompted moderate volume. In fact, the cost moves below the pivot levels. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.
Resistance Level: $18.0 & $32.0
Support Level: $4.0