Binance Technical Analysis: $ERN

/USDT

Price: $2.36 (+0.08%)

24h High: $2.417

24h Low: $2.228

24h Volume (ERN): 634,041.20

24h Volume (USDT): $1.49M

Key Support & Resistance Levels:

MA(7): $2.359

MA(25): $2.334

MA(99): $2.345

Technical Analysis:

1. Immediate Support:

The current price is hovering around $2.369 with immediate support seen at $2.326. A break below this level could push the price toward the next support at $2.291.

2. Resistance Levels:

The current resistance lies around $2.397, with a stronger hurdle at $2.417 (24h High). Breaking these levels could open the way for a move toward the next resistance at $2.475.

3. Targets:

Target 1: $2.375

Target 2: $2.397

Target 3: $2.417

Conclusion:

The ERN/USDT pair is consolidating within a narrow range, with key levels to watch at $2.369 for support and $2.397 for resistance. Bulls need to break above $2.417 for a potential bullish continuation, while bears could aim for $2.291 if the price drops further.

Stay tuned for more updates! 🎯