😍$ELF /USDT Price Analysis – Target Overview🥳🎉💖💧💕

The $ELF /USDT trading pair has been showing positive movement with a +2.30% gain in the last 24 hours, currently trading at $0.4714. Let’s analyze the latest market data to better understand the short-term and long-term price targets for ELF.

24-Hour Trading Data:

Current Price: $0.4714

24h High: $0.4743

24h Low: $0.4291

24h Trading Volume ($ELF

): 6.81M

24h Trading Volume (USDT): 3.08M

ELF has experienced moderate volatility, testing both the higher end of the range at $0.4743 and dipping as low as $0.4291. The current price is closer to the 24h high, indicating that buyers are currently in control.

Moving Averages Analysis:

MA (7): $0.4676

MA (25): $0.4650

MA (99): $0.4647

The short-term moving averages are showing a slight bullish bias, with the 7-period moving average ($0.4676) above the 25-period ($0.4650) and the 99-period ($0.4647) moving averages. This indicates that ELF is in an uptrend in the short term, with potential for further gains if the current momentum continues.

Key Support and Resistance Levels:

Support Level: $0.4291

Resistance Level: $0.4743

The $0.4743 level is acting as a strong resistance for ELF, while the $0.4291 level serves as immediate support. A breakout above the $0.4743 resistance could see the price move toward higher levels, while a break below $0.4291 could signal further downside risk.

Volume and Market Depth:

Market Depth: The market depth shows balanced buy and sell orders, with healthy trading volume of 6.81M ELF and 3.08M USDT in the last 24 hours. This indicates adequate liquidity and market participation, allowing for smoother price movements.

Short-Term and Long-Term Outlook:

Short-Term Target: The immediate target is the $0.4743 resistance level. If ELF can break through this, we may see further upside, potentially testing the $0.48–$0.50 range.

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