Electroneum price has been trading at $0.002325, and it registered a 1.44% decline over the last 24 hours. It has been trading with bullish influence over the last month with a few moderate price fluctuations. However, after hitting $0.00256 mark yesterday, it faced rejection and fell to $0.0024 mark; then, it continues to trade with the flattish trend.
Electroneum Price Analysis
Yesterday, the price of ETN/USD spotted at $0.002359, and in the first hour, it marked steep hike and crossed $0.0025, but immediately, it fell to $0.0024 mark and then, by 04:45 UTC, the coin regained its momentum and registered 5.52% hike.
After registering this hike, the price of Electroneum touched $0.002490, and then, the currency started trading with a moderate downside momentum. Over the next 15 hours, the ETN price faced a price correction to the tune of 7.08%, and the price reached $0.002313 by 20:30 UTC.
Further, the Electroneum price reflected strong recovery and marked a 6.18% hike, which took the price to $0.002454. After that, the currency traded downwards and breached its previous support of $0.0023 and spotted at $0.002325.
ETN’s current reversal in its price trend indicates mixed signals. And as per the present price movement & electroneum prediction, it might face consolidation for a while, but later, the bulls will dominate as it still holds bullish influence. Hence, Electroneum might test the next resistance around 0.00247.
Resistance and Support Levels
R1- $0.00247, R2- $0.00253 and R3- $0.00260
S1- $0.00234, S2- $0.00227 and S3- $0.00221
