- The Elrond price is at an upward trend of around 6.4% during the intraday trading session.
- The 24-hour trading volume is at $293 million.
- EGLD/BTC pair is trading positive by 7.4% at 0.00343820 BTC.
The daily technical chart and price action of Elrond display an upward trend. According to the pivot levels, the primary support level is $128. On the other side, if it rushes up, the resistance level to follow is $180. Although the chart forms a bullish harami candlestick pattern within the day, it is predicted that the price may remain upwards with medium reliability.
The Zig-Zag framed a top of $245.80 on April 12. After that, investors can notice a massive correction of 80%, all the way low to $53.41. Now price levels are back around $150 this week.
The volume of (196.63K) is close to the MA of 20-days (265.553K). As a result, the volume is moderate, causing its price to sustain at the resistance zones. Investors may also mark that the volume bars on the chart are inclining, which intimates that notable volatility is expected in the upcoming trading session.
The MACD indicator will soon give (bullish) crossover above the signal line on Aug 31, indicating a buy signal in the coin. Moreover, Investors can see the ending of red bars on the Histogram index.
MACD Indicator Turning Into Bullish Sign
Today’s price of Elrond is 163.28 US dollars, and the 24-hour trading volume is 293,045,350 US dollars. The price of EGLD has increased by 6.4% in the past 24 hours. It has 20 million EGLD coins and a total supply of 20.4 million. The MACD indicator will show a buy signal soon, and the traders have guided moderate volume. Technically, the price is sustaining at the resistance zone and remains in an upward trend. Therefore, as with overall market sentiment, the trend remains bullish in upcoming trading sessions.
Resistance Level: $180
Support Level: $128