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$ELF 🔥🔥🔥🔥

/USDT Technical Analysis 🎯

Current Price: $0.5330 (-4.84%)

Market Overview:

Support Level: $0.5300

Resistance Level: $0.6000

Trend: Downward pressure continues as ELF faces significant selling activity.

Potential Targets:

1. 🎯 Target 1: $0.5100

If the current support of $0.5300 breaks, ELF could test $0.5100, aligning with a critical support zone from historical data.

2. 🎯 Target 2: $0.5800

Recovery to this level may occur if buyers step in, as it’s a mid-range resistance and aligns with the 4-hour moving average.

3. 🎯 Target 3: $0.6500

Bullish momentum could push ELF to $0.6500 if the price breaks above $0.6000 and sustains volume growth.

Strategy Suggestion:

Short-term traders should monitor the $0.5300 support closely.

Long-term holders might consider accumulating if prices approach the $0.5100 range.

Stay tuned to market updates and adjust strategies as trends evolve!

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