Elrond Coin Price Prediction – September 2021 | A great Elrond Coin Price Prediction has published for you in adaas investment magazine! Technical and fundamental Elrond Coin Price Prediction.
By reading the analysis “Elrond Coin Price Prediction” published in Adaas Investment Magazine, you will get acquainted with what can be happened for Elrond coin price in the future. This level of familiarity can be enough for you to increase your knowledge.
Elrond Price Technical Analysis - Sep 2021
According to the technical price levels, the price of Elrond cryptocurrency in the last week of July 2021, experiencing a bullish support level of $66, experienced a wave of price growth up to around $110 and then once again a downward trend to the bullish $66 support area.
Elrond Come Back From $66
On July 21, 2021, the price started to rise again after the price hit the bullish support level of $66. The wave experienced a price increase of more than 140% from the $66 support area during the month without any price correction.
Elrond $125 Bullish Resistance
In this price wave, the $125 bullish resistance area is broken and then experienced a price correction from $160 to $125.After returning to the level of $125, the Elrond currency once again promised the beginning of an upward wave on August 27, 2021. At the current time, the resistance of $200 is on the way to the price of Elrond currency, and it may cause a price correction.
What Will Happen After Breaking The $200 Resistance?
With the break of the resistance of $200 by the buyers, an ascent and then the return of the price to the level of $200 is expected to stabilize the price above this area. By analyzing the volume of trades, we find that buyers tend to go up in price more than sellers to fall, and prices of $213 and $237 could be potential targets for the price of Elrond cryptocurrency.
Elrond Coin Recent Fundamentals
On September 2, 2021, Elrond cryptocurrency announced the initial games offering on the EGLD blockchain in collaboration with Seedify.
Also announced on September 1, 2021, a partnership with CUDOS to provide decentralized hosting for Elrond blockchain-based decentralized applications.
On August 31, 2021, the news of the development and activation of the NFT cross bridge by the XP network was also published on the Elrond public network. In its current implementation, the bridge will allow NFTs to flow between the Elrond, Ethereum, Binance Smart Chain, Huobi ECO (HECO) Chain, and XP test networks in Polkadot, and soon Cardano, Solana, and other networks will be added.
According to a review of the news published about Elrond cryptocurrency, the rising wave of buyers for the price of this token is not far from the mind. It should be noted that the announced news is only the last 3 collaborations of this powerful blockchain, and in the past, important news has been published that will have an impact in the long run.
Important Warning!
Finally, note that none of the analyses which are published in Adaas Capital is an economic and investment advice, and it is you who decides your trades!
The End Words
At Adaas Capital, we hope that by reading this analysis you will be fully immersed in Elrond Coin Price Prediction in September 2021. You can help us improve by sharing this analysis which is published in Adaas Investment Magazine and help optimize this analysis by submitting your comments.