- The EGLD coin is in a downtrend, around -10.6%, during the intraday trading session.
- The 24-hour trading volume is at $185 million.
- EGLD/BTC pair is trading negative by -5.9% at 0.00421729 BTC.
Daily technical chart and price trend of EGLD coin are showing a bearish trend. Based on the pivot level, the first support zone is 170 USDT. From another perspective, if it rushes, the resistance level to watch is 250 USDT. Thus, the graph made a bearish engulfing candle pattern during the day, and the cost is relied upon to remain downside with unwavering medium force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost sustains above the green ribbon, so it will guarantee an upswing in Elrond until the cost dwells above.
Trading volume (153 K) is underneath the 20-day moving average (450 K). To put it plainly, the volume is low, making the cost struggle at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is typical in the following trading days.
The Schaff Trend Cycle indicator (bearish) with a 25 represents a sell signal in the coin, projecting a downtrend. Additionally, Investors can see a red sell signal and a downward slope in the index.
EGLD Coin Plummets 20% in a Week
Today Elrond is priced at $216.00 and has a 24-hour trading volume of $185,785,176. EGLD prices have fallen -10.6% in the last 24 hours. There are 20 million EGLD coins and a total inventory of 20.4 million. The STC points to a selling indication, and the traders have prompted low volume. In fact, the cost is around the support regions and proceeds in a downtrend. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.
Resistance Level: $250
Support Level: $170