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Elastos (ELA) Receives a Very Bullish Rating Saturday: Is it Time to Get on Board?

Saturday, July 09, 2022 06:25 PM | InvestorsObserver Analysts
Elastos (ELA) Receives a Very Bullish Rating Saturday: Is it Time to Get on Board?

Elastos (ELA) gets a very bullish rating from InvestorsObserver Saturday. The crypto is up 4.25% to $1.59 while the broader crypto market is up 0.25%.

Sentiment Score - ,
Elastos has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Elastos!

Very Bullish

Over the last five days, Elastos has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Elastos over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Elastos is currently trading near its five-day high of $1.60169580250314. The crypto is 0.73% off its five-day high and is 17.61% higher than its five-day low of $1.35.

Elastos price is currently above resistance. With support set around $1.5 and resistance at $1.56, Elastos is potentially in a volatile position if the rally burns out.

Elastos has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Elastos

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