Electroneum Price Analysis: Electroneum (ETN) Might Hop From Bullish to Bearish Soon!

Uganda is the next stop! Or shall we quote that ETN has spread its words to Uganda already? According to the recent tweets by ETN Tea, they have announced Electroneum Bazaar and conference in Uganda very soon and posting the tweets of the people attending the same. ETN is fabulous with its marketing strategies, so it seems that the same is spreading on the streets of Uganda already.

Price Analysis of ETN on 25th June 2019:

The value of Electroneum is trading at 0.00000049 BTC on 25th June 2019 at 9:46 UTC. The other essentials calculated are as follows:

Electroneum Price Chart - 25 June
Electroneum Price Chart
  • Return of Investment: -94.20%
  • Total supply/Circulating Supply: 9,661,162,556 ETN/ 9,661,162,556 ETN
  • Market Cap Value: 52,862,643 USD
  • 24 Hour Volume: 225,087 USD
  • 7 Day high/low: 0.006142 USD / 0.005261 USD

Electroneum Price Comparison:

Looking at the ETN chart from 1st June 2019, the lowest of the value was realized on 3rd June with 0.00000046 against BTC, which is now increased by 6.5% from then. The highest, on the other hand, was realized on 17th June with 0.00000071 against NTC, which is now dropped by 30.9%. It seems ETN is moving away from the bullish trend as it is coming close to the lowest of the month already.

ETN Price Prediction and Conclusion:

The trend is in bullish nature but seem like it will hop on to bearish soon! After achieving the highest, the value is dropping every minute of the day now! This means that traders might lose interest again. And thus, for the traders to play in the safer zone, you might want to consider the calculated resistance and support levels between $0.00620 and $0.00553 respectively.

However, it is still strongly advised to remain on the ‘sell’ bid, but soon enough it might change!

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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