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Electroneum (ETN): How Does the Chart Look Monday?

Monday, March 04, 2024 07:53 PM | InvestorsObserver Analysts
Electroneum (ETN): How Does the Chart Look Monday?

Electroneum receives a strong short-term technical score of 89 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. ETN holds a better recent technical analysis than 89% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 89
InvestorsObserver is giving Electroneum a 89 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Electroneum!

Trading Analysis

ETN is currently $0.003124 (144.75%) above its 30-day low of $0.002158268 and -$0.001711 (-24.47%) below its 30-day high of $0.00699355. Additionally, ETN is above its average price of $0.002896658 over the past month of trading with its current price of $0.005282442. Overall, the recent trading history of Electroneum suggest that traders are currently bullish on the coin.
ETN has a relatively average market cap for a coin with a total market value of $94,909,022.00. The market valuation for Electroneum is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ETN sits underneath that mark but remains above $100 million in market capilization. Electroneum's average volume meanwhile is average with $10,916,969.66 worth of the coin traded over a typical 24 hour period. The volume for ETN is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, ETN's volume is below its average with $1,580,084.53 exchanged. Electroneum's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Electroneum's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on Electroneum (ETN).

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