Price Analysis

Electroneum Price Analysis: Is ETN On Its Way To Become The Next Big Coin?

Electroneum (ETN) has embarked on the roads of Brazil as well. Well, that definitely calls for a celebration as it will help in improving the capitalization and visibility of ETN in the global network. With this, we expect the coin to surge with greater price marks in the upcoming times.

Current Statistics of Electroneum:

Electroneum price is currently trading at $0.005006 at 02:54 UTC as on 7th August 2019. The other variables are as follows:

  • Return On Investment: -94.79%
  • Total supply/ Circulating Supply: 9,763,580,724 ETN/ 9,763,580,724 ETN
  • 24 Hour Volume: 690,686 USD
  • Market Cap Value: 48,044,509 USD
  • 7 Day high/low: 0.005295 USD / 0.004495 USD

ETN to BTC Price Comparison:

Electroneum Price Prediction
Electroneum Price Chart by TradingView

Taking a data feed of the previous 5 days, Electroneum was trading at 0.000000466 BTC as on 2nd August at 02:25 UTC. This trading value dropped by 8.35% before the onset of 4th August and that led the coin to trade at 0.0000004276 BTC value. Later, the Electroneum price again dropped by 10.87% on 5th August at 15:25 UTC, and was seen trading at 0.0000003928 BTC value.

The Electroneum coin from there saw an increase by 12% yesterday at 01:35 UTC time with the trading value of 0.0000004410 BTC. But the coin could not sustain and by 08:45 UTC time yesterday, it again dropped by 14.91% when the price changed to 0.0000003752 BTC. The value was then increased by 19% at 13:55 UTC, and this took the coin to trade at 0.0000004490 BTC.

With increasing volatility, the coin again dropped by 11.25% at 14:45 UTC time yesterday with the trading value of 0.0000003985, but the current trading price has shown enough recovery and trades above the baseline.

Electroneum Price Prediction and Conclusion:

ETN is seen in a slight bearish zone as of now. Traders might want to wait for a while as ETN might surge to Pivot Point or in fact towards the bullish zone as well, real soon.

For a safer trade, the resistance level and support level are calculated as follows:

Resistance Levels:

R1: $0.005304, R2: $0.005699, R3: $0.006104

Support Levels:

S1: $0.004504, S2: $0.004099, S3: 0.003704

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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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