Energy Web Token (EWT) Price Prediction

Deep Dive

1. Technical Outlook

EWT faces immediate resistance at $1.95 (23.6% Fibonacci retracement) and a pivot point at $1.98. A sustained break above these levels could target the 38.2% Fib level at $1.76. However, the 7-day RSI at 80.45 suggests overextension, historically preceding corrections.

The MACD histogram (+0.0504) and 30-day EMA ($1.5) indicate bullish momentum, but low liquidity (turnover ratio 0.032) heightens volatility risk. Watch for a close below $1.61 (50% Fib) to confirm bearish reversal.

2. Project-Specific Catalysts

Energy Web’s July 31 webinar on decentralized energy solutions (Energy Web) and Shell’s blockchain integration for grid flexibility (Shell) validate real-world use cases. The new Energy Web X Marketplace (launched July 18) incentivizes compute providers to earn EWT, potentially boosting network activity.

3. Market & Sentiment

Altcoin season momentum (Altcoin Season Index +127% in 30 days) favors small caps like EWT, which surged 29.1% on July 9 amid broader market recovery (CMC). However, Bitcoin’s 60.8% dominance poses a risk if capital rotates back to large caps.

Conclusion

EWT’s price hinges on breaking technical resistance, sustained partnership traction, and altcoin market strength. While bullish catalysts exist, overbought conditions and thin liquidity warrant caution. Could Energy Web’s enterprise adoption outpace broader crypto volatility in Q3 2025?