Elrond(egld)market reviews and price predictions
Elrond market statement for 2023-06-02
Yesterday the price of egld stood at $37.54. The market capitalization of the asset was $944 241 406. Elrond’s volatility was established at 1.51%. The trading volume of the coin reached $11 855 287.
Elrond prognosis for the next days:
We estimate the price of Elrond to be $36.16 tomorrow 2023-06-06 and $36.7 on 2023-06-12;
We estimate the market capitalization of Elrond to reach $925 797 190 tomorrow 2023-06-06 and $934 673 514 on 2023-06-08;
We estimate the volatility of Elrond to become 0.68% tomorrow 2023-06-06 and 0.88% on 2023-06-08;
We estimate the trading volume of Elrond to amount to $14 328 650 tomorrow 2023-06-06 and $13 736 270 on 2023-06-08.
Our recommendation for the pair EGLD/USD for tomorrow, 2023-06-06, to sell.
May 27 - June 2 price action recap: Elrond sees a weak 4% gain as the buyers take a step back.
Elrond has been last week as its price has been predominantly rising. EGLD has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Bearish response: The Elrond price melts by 3% between May 20 and May 26.
The price of Elrond was falling last from May 20 until May 26, giving enough reason to conclude that the market is bearish. The volatility of EGLD has been low throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Elrond slid down by 3% last week (May 19 - May 25) as the sellers pushed back.
The downward movement of the Elrond price last week indicates the chosen market is bearish. EGLD was caught in a period of low volatility, which was reflected in its price action. The price action on the coin's market translated to the decline of market capitalization. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
Bearish response: The Elrond price melts by 3% between May 19 and May 25.
The price of Elrond was falling last from May 19 until May 25, giving enough reason to conclude that the market is bearish. EGLD was caught in a period of low volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Bearish response: The Elrond price melts by 3% between May 19 and May 25.
Elrond has been bearish last week as its price has been predominantly falling. The volatility of EGLD has been low throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Elrond retraces by 3% in the period May 19 - May 25 as the market turns slightly bearish.
The bearish behavior of Elrond last week was characterized by the occurrence of downswings. EGLD was caught in a period of low volatility, which was reflected in its price action. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
Down by 3% : The Elrond market saw some bearish action last week (May 19 - May 25).
The price of Elrond was falling last from May 19 until May 25, giving enough reason to conclude that the market is bearish. EGLD was caught in a period of low volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Down by 3% : The Elrond market saw some bearish action last week (May 19 - May 25).
The downward movement of the Elrond price last week indicates the chosen market is bearish. The volatility associated with the EGLD market was low, as were its price fluctuations. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Down by 3% : The Elrond market saw some bearish action last week (May 19 - May 25).
The downward movement of the Elrond price last week indicates the chosen market is bearish. The price swings of EGLD pointed to the presence of low volatility. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
May 18 - May 24 market wrap: Elrond had a slight 3% drop.
The price of Elrond was falling last from May 18 until May 24, giving enough reason to conclude that the market is bearish. EGLD has been going through a period of low volatility, which fell in line with the occurred price changes. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the decreasing trading volume.