ERN Effortlessly Breaks Above the 9 EMA Level on Daily Chart

ERN Effortlessly Breaks Above the 9 EMA Level on Daily Chart

• Ethernity Chain is a licensed and authenticated non-fungible token (NFT) platform
• ERN is currently trading at $3.44 after an impressive 128.86% increase over just 24 hours.
• The bullish momentum may continue for ERN when looking at the daily RSI.

The crypto market tracking website has placed Ethernity (ERN) in the 2nd position on its trending list following a huge price surge over the last 24 hours.

Ethernity Chain is a licensed and authenticated non-fungible token (NFT) platform and aims to offer limited edition authenticated NFTs. The platform is also well known for providing trading cards created by famous artists and endorsed by notable figures.

According to data from CoinMarketCap, ERN is currently trading at $3.44 after an impressive 128.86% increase over just 24 hours, and after reaching a high of $4.13 over the same time period.

The crypto’s numbers over the longer time-frames are no less impressive. ERN is up 140.70% over the last seven days and more than 100% in the green over the last month.

ERN is the 335th biggest crypto in terms of market capitalization with its market cap of $55,371,624. This places the crypto right behind GlitzKoin (GTN) in the 334th position and in front of Divi (DIVI) in the 336th position.

ERN’s 24-hour trading volume is also turning heads today as it is up more than 5,000% since yesterday. ERN’s trading volume now stands at $235,195,273.

Daily chart for ERN/USDT (Source: CoinMarketCap)

Looking at the daily chart for ERN/USDT, the price of ERN has sky-rocketed above the 9 EMA line which has acted as a resistance level for the past few weeks. There may still be some bullish momentum present for the coin as the daily RSI is positioned well above the RSI SMA line and is sloped positively towards overbought territory.

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