๐ $ERN /USDT Market Update โ $1.96 (+14.54%)
๐ Market Overview
๐ Current Price: $1.96 (+14.54%)
๐ 24H High: $2.10
๐ 24H Low: $1.62
๐ 24H Volume: 7.52M ERN / 13.41M USDT
โ Upcoming Upgrade/Redenomination on March 10, 2025 โ Expect volatility
๐ Technical Analysis
โ Support Levels:
$1.90 - $1.85 โ Immediate support
$1.75 - $1.62 โ Strong support
๐ Resistance Levels:
$2.00 - $2.10 โ Immediate resistance
$2.15 - $2.25 โ Key breakout zone
๐ Indicators & Trend Analysis
๐น RSI: Overbought (~75-80) โ Possible pullback
๐น MACD: Bullish crossover โ Positive momentum
๐น Bollinger Bands: Expanding โ High volatility ahead
๐ Trading Strategy
๐ Bullish Scenario:
If ERN breaks $2.10, it could test $2.15 - $2.25
A confirmed breakout above $2.25 may lead to $2.50+
๐ Bearish Scenario:
A drop below $1.90 could test $1.75 - $1.62
Losing $1.60 may result in further downside
โ ๏ธ Risk Management:
๐น Stop-loss: Below $1.85
๐น Take profit: $2.10 - $2.25
๐ Final Thoughts
ERN is showing strong bullish momentum, but with an upcoming upgrade/redenomination, expect increased volatility. Watch for volume confirmation on breakouts or pullbacks before making moves.