$ELF /USDT – Bullish Breakout Confirmed! Eyes on Higher Highs

Current Price: $0.2405

24H Change: +5.02%

24H High: $0.2626

24H Low: $0.2282

StochRSI: 53.99

MastoChRSI: 54.18

Chart Overview (2H):

$ELF just ripped through a tight consolidation range with an explosive green candle, topping out at $0.2626 before a slight cooldown. The sudden spike in volume and breakout above $0.232 signals that bulls are back in charge.

Key Technicals:

Breakout from sideways movement confirms a bullish trend shift.

Strong support building near $0.226–$0.230.

Healthy pullback after the spike, but momentum remains intact.

Watch For:

Resistance: If price reclaims and holds above $0.250, another test of $0.2626 is likely.

Next Target: If volume sustains, $0.2750–$0.2800 could be the next wave.

Support: Immediate support lies around $0.232 and deeper at $0.2262.

Trade Tip:

Consider entering dips toward $0.235–$0.238 with a stop below $0.226. Scale out around $0.260 and leave a runner for a potential move above $0.270.

Sentiment: Bullish breakout in motion. As long as $0.226 holds, bulls have the upper hand.