ETNBTC Price Analysis – June 27
The value of electroneum is trading on the low towards the price on the level at 0.00000042. On the technical analysis of the scenario, the results show that the return on investment for the pair has gone negative but in the past days, it has seen some positive surge in the market.
Supply Level: 0.00000030, 0.00000034, 0.00000038
Demand Level: 0.00000074, 0.00000057, 0.00000046
ETNBTC Long term Trend: Bearish
The pair is losing the recent bulls and on the daily chart, the trend has shown a strong downward momentum that confirms its movement to the downside.
However, with the recent fundamental adjustment, we observe the inflows may influence the price and we might see some upward progression.
ETNBTC Short term Trend: Bearish
After the move towards the key supply zone for the umpteenth time, the market is trading below the demand zone on the level at 0.00000057 and 0.00000046 respectively.
The lowest level was achieved during the previous session on the level at 0.00000037 against the BTC. The pair has dropped by almost 45% and more downward momentum may move price towards new lows.
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