- The ERG coin price slips below the EMA-200 on the intraday session.
- The 24-hour trading volume is at $915K.
- ERG/BTC pair is trading negative by -0.3% at 0.00011124 BTC.
Moving Average (EMA) possessing 20,50,100,200 In the ERG coin daily price chart, it is reliable support for coin price change. Investors can mark that price floats below the yellow line and can guarantee a bearish trend as long as costs are below the moving average.
The volume (20.13 K) is below the 20-day moving average (52.267 K). The volume is descending, so the cost has accumulated for several days. Investors may also witness a drop in volume. This denotes that unusual changes are anticipated on the following trading days.
ERG Coin Price Holds Solidly Above $5.0 Support
The daily price chart of the ERG coin shows stability above $5.0 at the support zone. Depending on the price action, the support region is within $5.0. On the flip side, the resistance level to look for is around $8.0.
The RSI showed a 30 (Oversold) sign with a short-term buy signal. Investors may observe that the indicator’s RSI line is running flat around the oversold region. A surge can happen on upcoming trading days.
The MACD shows a (bullish) cross above the signal line on December 16, indicating a buy signal for the crypto. In addition, investors can see green bars in the histogram indicator.
Conclusion
Ergo’s price today is $5.19 with a 24-hour trading volume of $917,545. ERG price is down -1.8% in the last 24 hours. It has a circulating supply of 48 Million ERG coins and a total supply of 97.7 Million.
The RSI and MACD indicate a buy signal. Traders have directed low volume. In fact, the cost shows stability above the support zone during the intraday. A market overview also shows that this pattern will continue to surge in the coming trading days.
Resistance Level: $8.0
Support Level: $5.0
DISCLAIMER
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.