🚀 $ERN /USDT Market Update – $1.96 (+14.54%)
📊 Market Overview
📌 Current Price: $1.96 (+14.54%)
📌 24H High: $2.10
📌 24H Low: $1.62
📌 24H Volume: 7.52M ERN / 13.41M USDT
⚠ Upcoming Upgrade/Redenomination on March 10, 2025 → Expect volatility
📉 Technical Analysis
✅ Support Levels:
$1.90 - $1.85 → Immediate support
$1.75 - $1.62 → Strong support
🚀 Resistance Levels:
$2.00 - $2.10 → Immediate resistance
$2.15 - $2.25 → Key breakout zone
📈 Indicators & Trend Analysis
🔹 RSI: Overbought (~75-80) → Possible pullback
🔹 MACD: Bullish crossover → Positive momentum
🔹 Bollinger Bands: Expanding → High volatility ahead
📉 Trading Strategy
📌 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+
📌 Bearish Scenario:
A drop below $1.90 could test $1.75 - $1.62
Losing $1.60 may result in further downside
⚠️ Risk Management:
🔹 Stop-loss: Below $1.85
🔹 Take profit: $2.10 - $2.25
🔍 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.