ELA Price Analysis
About Elastos
"Founded by OS expert Rong Chen, Elastos is building the blockchain industry’s most comprehensive and interoperable open source platform. Using a hybrid consensus that combines the secure hashpower of Bitcoin and the democratic ideals of Delegated-Proof-of-Stake, the SmartWeb of Elastos is a suite of software for an entirely decentralized internet. Elastos employs not only blockchain technology, but a peer-to-peer network for communication, decentralized data storage services, and a decentralized ID (DID) system for all digital assets. With sidechains like Ethereum, Elastos is not merely the foundation for securing truly decentralized applications that can scale, it is the foundation for true data ownership. elastOS, the flagship product of the Elastos Smartweb, brings the entire decentralized ecosystem into a single App, currently available for Android and in development for both iOS and desktop. Elastos is also actively searching for both new and existing dApp projects through its Cyber Republic initiative. Cyber Republic possesses a community-governed grant fund designed to help startups and existing businesses explore blockchain. You can read more about Cyber Republic at https://www.cyberrepublic.org.
Market Overview
The overall market picture for Elastos displays a mixture of caution and opportunity. With the asset’s market capitalization holding at $57.97M, and circulating supply at 22900900, the token presents both liquidity and scarcity elements that could appeal to strategic investors. Trading volume over the past 24 hours has amounted to $1.61M, reflecting a healthy level of market activity. The prevailing sentiment, as measured by the Fear & Greed Index, currently stands at 29 and is classified as Fear. This suggests that investors are approaching the market with some trepidation, potentially indicating value-searching behavior or positioning for later recovery. The 24-hour price change of 0.59% further illustrates the cautious trading environment.
Technical Analysis
Elastos is presently exhibiting a notable technical posture, with its current price standing at $2.53. A review of the key simple moving averages reveals a trend that leans bearish in the short, mid, and long terms. The 7-day, 30-day, 90-day, and 200-day SMAs have all been trending downward, suggesting a lack of bullish momentum. Despite recent intraday fluctuations resulting in a volatility of 0.54%, the asset's price remains distinctly below these important moving averages, which points to persistent resistance against a potential breakout. However, the modest increase over the past hour hints at some short-term buying interest, though this has yet to translate into a sustained reversal in the longer-term technical indicators.
Future Price Predictions
| Year | Year High | Year Low |
|---|---|---|
| 2026 | $4.1 | $1.85 |
| 2027 | $5.7 | $2.1 |
| 2028 | $7.2 | $2.7 |
| 2029 | $9.8 | $3.5 |
| 2030 | $12.5 | $4.1 |
Expert Prediction
Given the current technical and fundamental landscape, Elastos demonstrates both challenge and latent potential. The persistent trend below critical moving averages may deter short-term speculators, but it could also create an appealing entry point for longer-term investors if sentiment pivots. Given the observed hourly price upticks and sustained trading volume of $1.61M, there could be early signals of consolidation before a potential rebound, provided that broader market sentiment improves. The Fear & Greed Index at 29 (‘Fear’) underscores a climate rooted in caution, which historically precedes periods of accumulation. Investors should monitor for shifting momentum as indicated by price changes and volume consistency.
| Volume (24h) | $1.61M |
| Current Supply | 22.90M |
| Market Dominance | 0.00% |
| Circulating Supply | 22.90M |
| Volatility (24h) | 54.15% |
| Fear & Greed | 29 (Fear) |
Other Price Predictions
