EGLD Technical Analysis | ELROND TOKEN | TARGETS SET AT $550!

Welcome Back to Cryptoknowmics!! 

 

We are here yet again to enlighten you with predictions from the Crypto community!! 

And today we present to you a technical analysis video on the EGLD Token!

Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. 

 

Elrond was co-founded in late 2017 by brothers Beniamin and Lucian Mincu alongside Lucian Todea as a solution to the problem of blockchain scalability, which they thought to be the most pressing problem facing the industry.

 

The live Elrond price today is $510.95 with a 24-hour trading volume of $1,311,813,217. Elrond is up 13.85% in the last 24 hours, with a live market cap of $10,102,998,112. 

For about four months, the price is on a continuous uptrend. This rally has seen very little resistance in between.

 

EGLD opened at $315.26 0n November 16, the crypto then closed at $490.35 on November 22. As of today the crypto has successfully breached the psychological barrier at $500 and reached its ATH at $504.91.

 

Let’s have a deepened insight into the

 technical analysis of EGLD Token

 and see what the indicators have to say about the crypto.