Electroneum Price Prediction Today: Daily (ETN) Value Forecast – June 12


  • The ETN Market had a downward correction after the resistance at the Ƀ0.00000065 overhead resistance.
  • From the Fibonacci tool, the crypto's price fell to the support of the 0.50 Fib. retracement level.

ETN /BTC Medium-term Trend: Ranging

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

Yesterday, June 11, the price of ETN was in a sideways trend. The ETN Market had a downward correction after the resistance at the Ƀ0.00000065 overhead resistance. 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 fell to the support of the 0.50 Fib. retracement level. If the 0.50 Fib. level holds, the crypto’s price is likely to rise to the continuation zones of the Fib. retracement level. Meanwhile, the price of ETN is in the oversold region of the daily stochastic but above 20% range. This indicates that the price of ETN is in a bullish momentum and a buy 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 fluctuating between the levels the Ƀ0.00000050 and Ƀ0.00000060. However, the ETN price is in the oversold region of the daily stochastic but below the 60% range. This indicates the price is in a bearish momentum and a sell signal.

Live Electroneum (ETN) Price:

1 ETN/USD =$0.0163 change ~ 6.25%

Coin Market Cap

$291.34 Million

24 Hour Volume

$3.3 Million

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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