- The EGLD coin price holds the critical level above the 20-EMA on the intraday session.
- The 24-hour trading volume is at $227 million.
- EGLD/BTC pair is trading negative by -3.1% at 0.00682126 BTC.
Moving Average (EMA) containing 20,50,100,200 In the EGLD coin daily price chart, it is a reliable support for currency price trends. Investors can find that price moves above the red line and can guarantee an uptrend as long as prices are above the moving average.
The volume (20.089 K) is below the 20-day moving average (67.028 K). The volume is low, so the cost has been struggling for several days. Investors may also mark a decrease in volume. This indicates that unusual changes are expected on the following trading days.
EGLD Coin Price Trend is Under Selling Pressure
The daily price chart of the EGLD coin moves above the resistance zone. Depending on the price action, the support area is within $365. On the flip side, the resistance range to look for is around $500.
The Stochastic RSI showed a K-6 and D-14 followed by a (bearish) crossover with a short-term sell sign. Investors may find that the indicator’s RSI line is running downside. A plunge can happen on future trading days.
The MACD shows a (bearish) cross below the signal line on November 29, indicating a sell signal for the currency. In addition, investors can see red bars in the histogram indicator.
Elrond price today is $392.59 with a 24-hour trading volume of $228,576,541. EGLD price is down -2.9% in the last 24 hours. It has a circulating supply of 20 Million EGLD coins and a total supply of 20.4 Million.
The Stochastic RSI shows a sell sign, and MACD indicates a sell signal. Traders have directed low volume. In fact, the cost struggles after hitting the top of $560. A market overview also shows that this pattern will continue to plunge in the coming trading days.
Resistance Level: $500
Support Level: $365