Elrond is currently among crypto assets that are “in the green” after enduring another trying week for cryptocurrencies. Elrond currently trades at $52.44 Coin expected to reach $60 mark in coming weeks Elrond currently 90.4% lower than its ATH At press time, tracking from CoinGecko 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%. 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. Predictions for the asset’s immediate future are rather bullish, with some hinting at a significant price boost for the next weeks to come. Related Reading: Chainlink Crosses $6.18 Trillion In Transaction Value – Will This Boost LINK Price? Elrond Price Movement Pattern 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. While the entirety of the crypto market bore the brunt of another volatility-induced downfall, Elrond’s price was observed to lean on the aforementioned channel pattern. Source: TradingView.com Under such trend, it was expected that Elrond will once again experience a severe price correction, duplicating the asset’s June low of ...
