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$ELF /USDT gaining with strong bullish momentum building ready for strong move šŸŒžšŸŒž

Price & Trend:

Current price: $0.2567 (+12.00%)

24H High: $0.2626, 24H Low: $0.2283

Strong upward move after touching $0.2418, suggesting bullish momentum.

Moving Averages (MA):

MA(7): 0.2520 (Yellow) → Short-term trend is turning bullish.

MA(25): 0.2490 (Pink) → Price is above this level, indicating strength.

MA(99): 0.2399 (Purple) → Price is significantly above the long-term MA, confirming an uptrend.

Relative Strength Index (RSI-6):

71.62 → RSI is in the overbought zone, signaling potential correction or consolidation.

Volume & Momentum Indicators:

A spike in volume suggests strong buying interest.

MACD shows slight bullish momentum with DIF: 0.0021, DEA: 0.0010.

Possible Scenarios:

āœ… Bullish Case: If ELF/USDT breaks above $0.2626, it may target new highs.

āš ļø Bearish Case: RSI in overbought territory could lead to a short-term pullback, possibly to $0.2498 - $0.2441.

Strategy:

For traders: Consider taking partial profits near resistance.

For investors: Look for dips near $0.2441 - $0.2498 for entries if bullish trend continues.

$ELF