Electroneum Price Projection: ETN Up 27%, But New Token TG.Casino Aims To Outshine All

Updated: 27 October 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Electroneum price has rebounded from the dip at $0.0016 and is trading at $0.0018 at 5:10 a.m. EST. Nonetheless, this still signifies a decrease of 1.9% in the past 24 hours after an earlier 27% spike.

Electroneum ETNUSDT Price Chart — ETNUSDT Price Chart by Tradingview.com

Electroneum’s ETN price is currently on a downtrend within a falling channel, potentially signaling the chance for a transition toward an upward trend. Therefore, it presents an intriguing opportunity for investors, especially after consolidation.

Bullish sentiment control ETN after a rebound from the $0.0015 support level at the descending channel’s lower boundary. A breakout from this pattern could catalyze continued upward price movement, confirming a bullish trend in the upcoming weeks and throughout the fourth quarter of 2023.

The relative strength index (RSI) is at a neutral value of 50. A sign of a balanced state of buying and selling pressure, reinforcing the sentiment of neutrality in the market.

Even though the Electroneum ETN price remains close to the 50-day moving average, it has yet to reach the 200-day moving average above the current price. This situation could cause a price retracement with a target of around $0.0021.

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