The crypto market has been on a significant gain in the past 24 hours. Bitcoin has managed to maintain at $47K, while ether is headed towards $3500. Because of this support, various altcoins have also been on an upswing, with some registering double-digit gains that have propelled them to new highs.
Elrond is trading at $180.77 at the time of writing after a 14.3% gain in 24 hours.
Elrond Price Analysis
Elrond’s gains in the past 24 hours have been significant, as they have enabled the coin to break past major resistance levels. Currently, market and buying support are strong; hence the upswing could continue.
A further uptrend will enable EGLD to break past the next resistance level of $182. In the past 24 hours, the coin managed to break past this level to trade at $183, but it was rejected shortly after. However, the slight dip could be gearing up the coin for an even major bull run that will see prices exceeding $184.
On the other hand, EGLD could fail to maintain the gains made in the past 24 hours, especially if buyers fail to maintain the pressure. If a trend reversal happens, the lower support of $179 will be retested. This support has been retested in the past 24 hours, but EGLD has maintained the uptrend and swung to new highs.
One of the main reasons behind EGLD’s upswing is increased activity on the Elrond blockchain that has pushed increased interest in the coin. Copper.co, a leading firm that offers digital asset custody services, has integrated EGLD into its offerings. EGLD coins will be among the digital assets that will benefit from the reputable custody and settlement services offered by Copper.
Where to Buy EGLD
If you want to buy EGLD coins, you can create a cryptocurrency exchange account on the following platforms:
eToro is a reputable and reliable cryptocurrency exchange platform. It gives traders access to a variety of cryptocurrencies and trading pairs. eToro comes with a copy trading feature that allows new traders to learn from market experts and boost their chances of making profits.
You can also purchase EGLD coins from Crypto.com. This is also another leading exchange platform that supports a vast range of cryptocurrencies and trading pairs. The exchange charges low trading fees and gives users access to user-friendly features.
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