The NFT market has witnessed an impressive period of growth over the past few days and has evoked the warmth of the crypto market.
Ethernity Chain once again exhibited a positive jump rocketing over 50% yesterday until today’s trading session, recording a high value around $ 12.75.
The price spike was influenced by Messi’s action of announcing a short video on his Instagram profile last night, which partnered with Ethernity Chain to launch an NFT collection called Messiverse.
Ranked 289th in the market, but Ethernity Chain has outperformed several digital currencies in the August market by producing a drastic 66% jump.
Has a market capitalization of over $ 116 million with a trading volume of over $ 80 million in the last 24 hours.
Interesting if you look closely at the current movement chart of the ERN/USDT price.
From a technical point of view, the price movement does not seem to be able to maintain a consistent rise and is hovering above the RBS (resistance become support) zone around $ 10.
As for the next expectation, if the price movement remains with a weak price movement, the RBS zone around $ 10 will be tested first before continuing the lower decline or it is just a retracement.
Meanwhile, if the ERN price movement shows a bullish trend again, the price movement will retest the resistance zone around $ 12.2 before making a higher rise or making the latest high.
At the time of writing, ERN/USDT is trading at around $ 10.5 up over 25% in the last 24 hours.
