What are the experts saying about EGLD?
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By CryptoChamp · Posted
As of today, Elrond (EGLD) is priced at $28.99, with a trading volume of $9.14 million. Over the past 24 hours, it has seen a slight increase of 0.07%. Looking ahead, the Elrond price prediction for 2024 suggests that EGLD could reach a minimum price of $31.95 and a maximum of $34.56, averaging around $33.38. For September 2024, predictions indicate that the price might fluctuate between $28.73 and $34.38, settling at an average of $33.63. As we move into autumn, the average price is expected to stay around $33.45. In 2025, analysts anticipate EGLD could hit a low of $29.54 and a high of $97.58, which represents a potential gain of 227.67%. By 2030, forecasts range from $17.73 to $105.59, suggesting a remarkable growth potential of 254.58% if it reaches the upper target. -
By Cryptowarrior · Posted
The price of NEAR Protocol (NEAR) has recently broken through the 200-day Exponential Moving Average (EMA), signaling a bullish trend. With a remarkable surge of 35% over the past week, NEAR has shown a strong breakout in the market. Breakout from a Falling Wedge Pattern NEAR’s price triggered a significant breakout from a falling wedge pattern, experiencing a daily increase of 16%. However, since March, buyers have struggled against strong selling pressure, causing a decline as they faced resistance from a descending trendline. The bearish trend paused around the $3.50 mark, where buyers regained control. Since August, the NEAR price has defended the $3.50 support level twice and gained approximately 50% in less than three weeks. Positive Momentum and Increased Trading Volume The NEAR price has surpassed key moving averages, showcasing strong bullish momentum. Notably, the trading volume has also risen, supporting the breakout. As of now, NEAR is trading at $5.55, remaining stable over the past 24 hours as per Coinpedia markets data. It has a market capitalization of $5.92 billion and ranks 11th in the cryptocurrency market based on 24-hour trading volume, which stands at $727.56 million. Trading Dynamics and Market Sentiment Despite multiple attempts by buyers to break through the trendline, sellers have shown strong resistance. The recent price chart displays a significant breakout, indicating positive potential for NEAR. If the price continues to hold above the 200-day EMA, we can expect increased buying pressure. With continued trading volume support, NEAR could potentially reach the $10 mark by October. Possible Challenges Ahead On the other hand, if NEAR fails to exceed its recent high and forms a bearish candlestick pattern, it could discourage buyers. A drop below the 200-day EMA may lead sellers to enter the market in the lower high territory, potentially resulting in a loss of around 30%. Technical Indicators Suggest Bullish Sentiment Current technical indicators present a positive outlook for NEAR. The Relative Strength Index (RSI) shows bullish divergence, which may attract more buyers. Additionally, the Moving Average Convergence Divergence (MACD) has formed a bullish crossover with the Signal line, entering positive territory. The histograms have remained green for several days, further indicating bullish momentum. For a deeper analysis and detailed price predictions for NEAR Protocol, check out our full Near Protocol Price Prediction Article.
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