$ELF is currently in a bullish market structure, trading at 0.2272 USDT, above its key support at 0.203 USDT.
The coin is approaching the resistance level of 0.2374 USDT, with an RSI of 72.13 indicating overbought conditions.
A breakout above resistance could provide a strong entry point for traders.
However, be cautious of potential pullbacks, influenced by Bitcoin's volatility or shifts in macroeconomic factors.
