Price Analysis

Electroneum (ETN) Price Analysis: A Bull Run Like 2017 Is The Only Hope For A Price Hike Of Electroneum

eToro

Will the ETN’s request approved by Apple last week to update their app in the Apple store stop the fall of Electroneum (ETN) and bring it back in the top 100 list?

The year 2019 has seen the steady fall of Electroneum damaging its already beleaguered situation. Starting the year at 0.007404 USD with just a reprieve on February 22 to rise to 0.008192 USD it is down to the current price. It is a fall of -40.51%  in 2019. Even its 16th May rise was only up to 0.005916 USD.  Only two days before that on May 14 it touched its all-time low of 0.003956 USD.  From the all-time low, a rise of nearly 50% within two days only shows the high volatility of ETN. Now again it is trading near its all-time low.

eToro Crypto

May 27, 2019, Price Statistics of ETN at 04:10 UTC

Electroneum (ETN) chart

Ranking in cryptocurrency list of CoinMarketCap 131
Return of Investment (ROI) -95.26%
Total Circulation 9,506,164,884
Market Cap in USD 41.882,285
Current Price in USD 0.004404
Current Price in BTC 0.00000050
24 hours traded volume 453,030
25 days price change -14.32%

May 27 Price movements and predictions:

Today ETN opened at 0.004399 USD and immediately went to today’s high of 0.004564 USD. It was close to yesterday’s high of 0.004568 USD and now trading currently at yesterday’s low of 0.004356 USD. Also, the volume has increased from yesterday and if it cuts its yesterday’s low may take it to the all-time low 0.003946 USD. Check the volume during the downside to exit from ETN as of now.

Value comparisons of ETN:

ETN is, without a doubt on the downside. The last resistance could be the year low of 0.003946 USD reached within the last 15 days. On the contrary, the good news of Apple could take it to bullish mode if it cuts the recent high of 0.005916 USD on May 16. Also, a bull run like that of 2017 only could help ETN from further price erosion.

Conclusion:

Those holding it can wait till it cuts the low and exit it. For new buyers, it has to cut the 0.005916 USD decisively with volumes to enter into ETN. Also, chances are brighter to invest if a bull run starts. It is because of its low price and near its all-time prices. From near its all-time low investment, it could reach its 3 month high of .007902. It is a return of nearly 100%.

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.

Related Articles

Back to top button