$ERN

Gains Momentum – Will Bulls Shatter the $2.89 Barrier?

ERN is holding steady at $2.804, reflecting a modest 0.75% increase in the last 24 hours. The price recently peaked at $2.89 before encountering resistance, hinting at a potential consolidation phase. This surge follows a bounce from $2.53, a critical support level that showcased strong buying interest.

The 15-minute chart highlights an RSI of 38.58, suggesting that the bullish momentum has room to grow without immediate overbought concerns. Meanwhile, the MACD remains slightly negative, signaling caution as the market looks for direction. The immediate support at $2.776 will be crucial in maintaining upward momentum, while a breakout above $2.89 could ignite a fresh rally toward higher levels.

As ERN consolidates near key levels, traders should watch for a decisive move that could set the tone for the next trend. Tight risk management remains essential amidst this critical juncture. #Fed25bpRateCut #Write2Earn! #Fed25bpRateCut