Elrond Price Analysis: EDLD up to $295 before facing rejection in the early trading session

TL;DR Breakdown Elrond price analysis is bullish for today.EGLD/USD spiked to $295 overnightEGLD saw retracement to the $250 support later on. Elrond price analysis is bullish for today as both a higher high and low was set over the last 24 hours. Therefore, as long as the $265 support holds, we expect EGLD/USD to increase and move towards further highs. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the red over the last 24 hours as bears took over the market momentum overnight. The market leader, Bitcoin, has declined by 3 percent, while Ethereum dropped by 6 percent. Solana (SOL) is among the worst performers, with a loss of 8.42 percent. Elrond price movement in the last 24 hours: Elrond retraces to $480 EGLD/USD traded in a range of $250 – $295.76, indicating strong volatility over the last 24 hours. Trading volume has increased by 80.45 percent and totals $869 million, while the total market cap stands at $5.64 billion, ranking the coin in 32nd place overall. EGLD/USD 4-hour chart: EGLD prepares for another rally? On the 4-hour Elrond price analysis chart, the Elrond looks to close bullish in preparation for further upside over the next 24 hours. EGLD/USD 4-hour chart. Source: TradingView Elrond price prediction is bullish today as a slightly higher low was set over the last 24 hours. Overall, EGLD/USD has gained more than 100 percent over the past month after a new swing low was set around...