aelf Gained 118.00% in Last Month and is Predicted to Drop to $0.762501 By Dec 18, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• aelf is up 10.49% today against the US Dollar
• ELF/BTC increased by 9.20% today
• ELF/ETH increased by 9.41% today
• aelf is currently trading 8.86% above our prediction on Dec 18, 2023
• aelf gained 118.00% in the last month and is up 519.00% since 1 year ago

ELF price is expected to drop by -8.23% in the next 5 days according to our aelf price prediction

is trading at $ 0.830029 after gaining 10.49% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 12.38% in the same time period. ELF performed well against BTC today and recorded a 9.20% gain against the world’s largest cryptocurrency.

According to our aelf price prediction, ELF is expected to reach a price of $ 0.762501 by Dec 18, 2023. This would represent a -8.23% price decrease for ELF in the next 5 days.

ELF Price Prediction Chart

Buy/Sell aelf

What has been going on with aelf in the last 30 days

aelf has been displaying a positive trend recently, as the coin gained 118.00% in the last 30-days. The medium-term trend for aelf has been bullish, with ELF increasing by 127.00% in the last 3 months. The long-term picture for aelf has been positive, as ELF is currently displaying a 519.00% 1-year price change. On this day last year, ELF was trading at $ 0.134092.

aelf reached its all-time high price on Jan 08, 2018, when the price of ELF peaked at $ 2.78. The current ELF cycle high is $ 1.26, while the cycle low is at $ 0.034194. ELF has been displaying high volatility recently – the 1-month volatility of the coin is at 17.27. aelf recorded 18 green days in the last 30 days.

aelf technical analysis for today – Dec 13, 2023

The sentiment in the aelf markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.732405, $ 0.674295 and $ 0.639348, while $ 0.825462, $ 0.860409 and $ 0.918519 are the key resistance levels.

Bullish sentiment for aelf

29 indicators are currently signaling a bullish prediction for aelf, while 5 indicators are showing a bearish forecast. With 85% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for aelf.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 65 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

aelf moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how aelf is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for aelf is at 79.68, suggesting that ELF is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of aelf over the last 50 days. Currently, aelf is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ELF closing price for the last 200 days. ELF is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this aelf prediction

After considering the above factors, we can conclude that the current forecast for aelf price prediction is Bullish. ELF would have to decrease by -8.23% to hit our $ 0.762501 target within the next five days. Moving forward, it will be important to monitor the ELF market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term aelf price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.