Official #Elon Coin (ELON) - Technical Update
Current Price: $0.022506 (-64.08%) with a slight recovery of +0.93% in the last 5 minutes, reaching $0.022509. High/Low: $0.022925/$0.022112.
Key Insights:
Bearish Momentum: Price remains below MA(99) at $0.028634, acting as resistance.
Market Activity: Moderate volume (118,434.46) with narrow volatility (3.65%).
Potential Reversal: Bullish divergence in candlesticks suggests a possible rebound, but caution is advised as trends remain downward.
Watch Levels:
Resistance: $0.024177 (MA25)
Support: $0.020
Monitor for volume surges and momentum shifts to identify profitable opportunities.
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