đšđ $ELF /USDT TECHNICAL ANALYSIS: BULLISH PUSH IN PLAY â WHATâS NEXT? đđš
ELF is currently trading at 0.3784, marking a positive 3.59% gain in the last 24 hours. The price action suggests that ELF is building momentum after finding support at lower levels. Hereâs what traders should keep an eye on:
đĄ Key Levels to Monitor:
Immediate Resistance: 0.3835 â A breakout above this could signal the start of a stronger upward move.
Support Level: 0.3521 â Holding above this level is key to maintaining the bullish sentiment.
Critical Support Floor: 0.3182 â A fall below this could signal a deeper pullback, requiring caution.
đŻ Targets to Watch:
1. First Target: 0.3913 â A move past 0.3835 could see ELF testing this initial resistance level.
2. Second Target: 0.4252 â Sustained bullish momentum might push the price toward this upper range.
3. Third Target: 0.4500 â A strong breakout could drive ELF toward this significant level, signaling further upward momentum.
đ Upside Potential: If ELF breaks and holds above 0.3835, it could attract more buying interest, propelling it to higher targets.
â ïž Downside Risk: If ELF fails to maintain support at 0.3521, it could signal a retracement toward 0.3182, necessitating caution for bullish positions.
Keep a close watch â ELF is at a critical juncture that could shape its next major move!