🚨📈 $ELF /USDT TECHNICAL ANALYSIS: BULLISH PUSH IN PLAY – WHAT’S NEXT? 📈🚨
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. Here’s what traders should keep an eye on:
💡 Key Levels to Monitor:
Immediate Resistance: 0.3835 – A breakout above this could signal the start of a stronger upward move.
Support Level: 0.3521 – Holding above this level is key to maintaining the bullish sentiment.
Critical Support Floor: 0.3182 – A fall below this could signal a deeper pullback, requiring caution.
🎯 Targets to Watch:
1. First Target: 0.3913 – A move past 0.3835 could see ELF testing this initial resistance level.
2. Second Target: 0.4252 – Sustained bullish momentum might push the price toward this upper range.
3. Third Target: 0.4500 – A strong breakout could drive ELF toward this significant level, signaling further upward momentum.
🚀 Upside Potential: If ELF breaks and holds above 0.3835, it could attract more buying interest, propelling it to higher targets.
⚠️ 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 – ELF is at a critical juncture that could shape its next major move!
