Electroneum Price Prediction Today: Daily (ETN) Value Forecast – June 10


  • Nevertheless, if the bearish pressure continues, the market may reach the low at Ƀ0.00000053 price level.
  • From the Fibonacci tool, the crypto's price is in the downtrend zone of 0.618 Fib. retracement level.

ETN /BTC Medium-term Trend: Bearish

  • Resistance Levels: : Ƀ0.00000058, Ƀ0.00000060, Ƀ0.00000062
  • Support Levels: Ƀ0.00000054, Ƀ0.00000052, Ƀ0.00000050

Last week the price of ETN was in a bearish trend. On June 9, the ETN Market reached a high of Ƀ0.00000065 overhead resistance level. However, the bulls were resisted and the market was on a downward correction to the support level of Ƀ0.00000056. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone.

The crypto's price is below the EMAs which indicates that price is likely to further depreciate. Nevertheless, if the bearish pressure continues, the market may reach the low at Ƀ0.00000053. From the Fibonacci tool, the crypto's price is in the downtrend zone of 0.618 Fib. retracement level.

The 0.50 and 0.618 Fib. retracement levels are downtrend zones where the current trend is likely to be reversed. Meanwhile, the price of ETN is in the oversold region of the daily stochastic but below 40% range. This indicates that the price of ETN is in a bearish momentum and a sell signal.

ETN/BTC Short-term Trend: Ranging

On the 1-hour chart, the price of ETN is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally indicating the sideways trend. The crypto's price was resisted at the Ƀ0.00000050 overhead resistance.

The bears broke the EMAs to reach the low at  Ƀ0.00000056. If the downward trend continues, the market may reach a low of Ƀ0.00000050 or Ƀ0.00000053. However, the ETN price is in the oversold region of the daily stochastic but below the 20% range. This indicates that the price is in a bearish momentum and a sell signal.

Live Electroneum (ETN) Price:

1 ETN/USD =$0.0117 change ~ -1.83%

Coin Market Cap

$207.91 Million

24 Hour Volume

$804.78 K

24 Hour VWAP

$0

24 Hour Change

$0.00

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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