Electroneum has recently posted that it crossed 300,000 instant app transfers recently. The twitter posts also said that it was a milestone for Electroneum and encouraged them to do app-to-app transfers.
On the price front also, ETN marked tremendous growth till August 16 when it was trading above $0.0066. However, after hitting a $0.0065 mark, the currency has reversed its price trend and keeps the downtrend intact until today.
Electroneum has shown a steep decline over the last 24 hours. For the last three days, it was on a falling spree. It continued to trade under intense bearish pressure over the next six hours and fell to $0.0055. Around 21:00 UTC, the value was at its lowest at $0.0052. Later, it managed to regain momentum and marked moderate recovery.
Today, ETN retested $0.0055 but again faced steep rejection and registered a slight price drop. However, after hitting $0.0053 mark, it started to trade flatly, and at the press time, it spotted at $0.005342.
The MACD indicator shows a bullish crossover. As per electroneum price prediction & the current flattish momentum, Electroneum might keep the current trend intact with strong support at $0.0050. Investors may see some volatility in the movement in the near-term.