Is Elrond (EGLD) Heading the Right Direction Saturday?

Saturday, August 06, 2022 06:27 PM | InvestorsObserver Analysts

Elrond receives an average long-term technical score of 40 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, EGLD holds a superior long-term technical analysis score than 40% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Elrond a 40 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Elrond!

See Full Report

Trading Analysis

The current trading price of $65.500000000 for EGLD is -$7.1400000 (-9.84%) below the coins 100-day moving average of $72.650000000. EGLD meanwhile is $27.1100000 (141.96%) above its 52-week low of $38.390000000 and -$477.08000000 (10.23%) under its 52-week high price of $542.580000000. Elrond's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 40. The price movement and range of EGLD suggest that investors are bearish on the coin at this time. Elrond has a total market value of $1,504,377,353.00 with an high average daily volume of $387,541,293.77 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, EGLD's volume is below its average with $79,557,110.47 exchanged in total.

Summary

Technical analysis of Elrond over the past year results in the crypto receiving a an average long-term technical score of 40 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Elrond (EGLD).