- EGLD coin price is currently seeing a consolidated trend and can soon see a new high in the future. Meanwhile, the asset is down by more than 5% in the intraday session.
- Elrond price technical indicators suggest they are currently favouring the bears. Meanwhile, EGLD/BTC pair is down by more than 1.3%
Why Invest In EGLD Crypto?
EGLD crypto price is currently in a consolidated mode which may stay in the zone on the off chance that the asset may not move any further. Elrond has been on a plunge of over 5% and is currently staying close to the value of $135. The asset has a ROI of 300%, which helped different monetary patrons and people before and can do likewise later on. Elrond network has extraordinary exchange speed which has recognized them from their rivals. EGLD sees itself as a centre for this new web advancement of this period. Its insightful arrangements execution stage has a speed of 15,000 trades each second, six-second inactivity, and a $0.001 trade cost which is way quicker than some other convention. One can place an asset in the resource according to their prerequisites and requirements.
The market cap of the EGLD alongside the crypto positioning has seen a slip and can before long see another high later on. The volume of the coin can likewise see a solid potential gain flood and can move to another high. Volume to market cap proportion of the Elrond hints towards a drawback force in cost.
EGLD Crypto Price Technical Indicators Are Favoring The Bears
EGLD coin price is currently seeing a consolidated trend in the chart and can soon move to a new high in the future. Meanwhile, the coin price is currently in a consolidated trend on the daily chart. The upside momentum of Elrond may face a halt near $180. Meanwhile, the support of the coin can be found near $100. The price is currently trading in between its crucial moving average and can soon see a breakout to a new high. The 100MA line is near $209, making it a crucial region near the price. If the price of the coin crosses above a significant region, then a strong momentum can be seen. EGLD/BTC pair can also see a strong move in the future
Conclusion
EGLD coin price is currently in a consolidated trend and can soon see a strong move in the future. The EGLD/BTC pair can also reach a new high in the future.
Technical Levels
Major Support: $100
Major Resistance: $170
DISCLAIMER:
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish any financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.