Is ELA About to Make a Bigger Move After This Breakout?
Take a look at what just happened with Elastos ($ELA) 👇
💸 Current Price: $2.63
📈 24h Gain: +29.89%
📊 Volume Spike: +7.81% (Sign of strong interest)
🧠 Here's What the Chart is Saying:
🔹 Early Accumulation Phase
The price moved sideways for hours with small candles , a classic sign of quiet accumulation before a breakout.
🔹 Sharp Bullish Breakout
A powerful green candle launched $ELA past the $2.20 resistance, backed by high volume. That was the entry trigger for those watching closely.
🔹 Healthy Correction, Then Another Push
After a slight pullback, bulls stepped back in , pushing price again near $2.70. That kind of behavior shows **buyers are still in control.
- 🔍 What Traders Should Watch:
- If price holds above $2.50, this could become a new support zone.
- Another volume surge with a higher high? 🚀
- A breakdown below $2.40? Time to wait.
🔥 Trading isn’t about guessing , it’s about reading the signs.
$ELA gave us all the signals: volume, breakout, and buyer follow-through.