Elrond is currently among crypto assets that are \u201cin the green\u201d after enduring another trying week for cryptocurrencies.<\/p>\n
Elrond currently trades at $52.44
\nCoin expected to reach $60 mark in coming weeks
\nElrond currently 90.4% lower than its ATH<\/p>\n
At press time, tracking from CoinGecko<\/a> shows EGLD trading at $52.44. For the last seven days, its value grew by 12.3% while also tallying a 24-hour increase of 7.4%.<\/p>\n Its intraday trading volume is also impressive, reaching more than $71.6 million while its total market capitalization is a little north of $1.2 billion, enough to keep the coin in top 50 of all digital currencies, ranking 46th overall.<\/p>\n Predictions for the asset\u2019s immediate future are rather bullish, with some hinting at a significant price boost for the next weeks to come.<\/p>\n Elrond Price Movement Pattern<\/p>\n In the crypto space, a parallel channel pattern gives multiple opportunities to traders as it shows a rally towards two trendline barriers. It is quite helpful for what is called a counter-trend move.<\/p>\n While the entirety of the crypto market bore the brunt of another volatility-induced downfall, Elrond\u2019s price was observed to lean on the aforementioned channel pattern.<\/p>\n Source: TradingView.com<\/a><\/p>\n Under such trend, it was expected that Elrond will once again experience a severe price correction, duplicating the asset\u2019s June low of around $38.<\/p>\n But that did not happen and instead, the asset traded within the narrow range of $50 to $45 before climbing to its current value.<\/p>\n EGLD: Price Prediction For The Coming Weeks<\/p>\n With the parallel channel\u2019s two trendline barriers, Elrond is now expected to gain some steam and start a bullish run.<\/p>\n If the buyers are able to retest and breakthrough the $54.5 barrier, the crypto might be looking at a value increase of nearly 20% and climb all the way to the $60 level.<\/p>\n This however, remains significantly lower than what Elrond was able to accomplish last year when it attained its all-time high.<\/p>\n It can be recalled that in November 23, 2021, the blockchain token was able to reach trading value of $545.64. With its price of $52.44, it has now lost 90.4% of its all-time high and Elrond remains a long way from it.<\/p>\n Meanwhile, for 2023, the digital currency is expected to grow more in terms of trading price. Elrond will start the next year with January highest price of $95.81.<\/p>\n By the end of next year, the asset could reclaim a portion of its all-time high with December highest price of $123.03.<\/p>\n\n EGLD total market cap at $1.23 billion on the daily chart | Source: TradingView.com<\/a><\/p>\n Featured image from Zipmex, Chart: TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Elrond is currently among crypto assets that are \u201cin the green\u201d after enduring another trying week for cryptocurrencies.<\/p>\n Elrond currently trades at $52.44 At press time, tracking from CoinGecko<\/a> shows EGLD trading at $52.44. For the last seven days, its value grew by 12.3% while also tallying a 24-hour increase of 7.4%.<\/p>\n Its intraday trading volume is also impressive, reaching more than $71.6 million while its total market capitalization is a little north of $1.2 billion, enough to keep the coin in top 50 of all digital currencies, ranking 46th overall.<\/p>\n Predictions for the asset\u2019s immediate future are rather bullish, with some hinting at a significant price boost for the next weeks to come.<\/p>\n Elrond Price Movement Pattern<\/p>\n In the crypto space, a parallel channel pattern gives multiple opportunities to traders as it shows a rally towards two trendline barriers. It is quite helpful for what is called a counter-trend move.<\/p>\n While the entirety of the crypto market bore the brunt of another volatility-induced downfall, Elrond\u2019s price was observed to lean on the aforementioned channel pattern.<\/p>\n Source: TradingView.com<\/a><\/p>\n Under such trend, it was expected that Elrond will once again experience a severe price correction, duplicating the asset\u2019s June low of around $38.<\/p>\n But that did not happen and instead, the asset traded within the narrow range of $50 to $45 before climbing to its current value.<\/p>\n EGLD: Price Prediction For The Coming Weeks<\/p>\n With the parallel channel\u2019s two trendline barriers, Elrond is now expected to gain some steam and start a bullish run.<\/p>\n If the buyers are able to retest and breakthrough the $54.5 barrier, the crypto might be looking at a value increase of nearly 20% and climb all the way to the $60 level.<\/p>\n This however, remains significantly lower than what Elrond was able to accomplish last year when it attained its all-time high.<\/p>\n It can be recalled that in November 23, 2021, the blockchain token was able to reach trading value of $545.64. With its price of $52.44, it has now lost 90.4% of its all-time high and Elrond remains a long way from it.<\/p>\n Meanwhile, for 2023, the digital currency is expected to grow more in terms of trading price. Elrond will start the next year with January highest price of $95.81.<\/p>\n By the end of next year, the asset could reclaim a portion of its all-time high with December highest price of $123.03.<\/p>\n EGLD total market cap at $1.23 billion on the daily chart | Source: TradingView.com<\/a><\/p>\n
\nCoin expected to reach $60 mark in coming weeks
\nElrond currently 90.4% lower than its ATH<\/p>\n