Energy Web Token is the operational token behind the Energy Web Chain, a blockchain-based virtual machine designed to support and further application development for the energy sector. Technical-wise; after the impulse wave ended, EWT entered a corrective phase and still going down. It seems a downtrend channel is formed and have to wait for the price to break this channel first. Also, there is a horizontal support/resistance area which price will probably react to it.
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Let's see if EWT can break the channel's upper line. If successful, the first obstacle on its way up is the horizontal resistance area.