ELA Price Analysis

Market Overview

Fundamental factors for Elastos currently revolve around its circulating supply of 22900900 and a market cap of $57.97M, underscoring a relatively modest yet solid presence in the ecosystem. Trading activity has maintained steady levels, with recent volume readings at $1.61M, complemented by average 1-hour and 24-hour volumes of $6.07K and $145.79K, respectively. This pattern indicates a healthy degree of liquidity, supporting continued price discovery. Market sentiment indicators reflect mildly elevated optimism, with the Fear & Greed Index placing Elastos firmly within the 'Greed' territory at 63. This sentiment often signals robust buying enthusiasm, though it may also foreshadow a period of increased volatility. Collectively, these dynamics suggest an ecosystem that is engaged and forward-looking, yet mindful of cyclical sentiment shifts.

Technical Analysis

Elastos has demonstrated notable technical momentum over the short- and long-term. The recent price action situates the asset at $2.53, accompanied by a 24-hour change of -0.92%, highlighting a mild degree of volatility at 0.49%. Short-term momentum appears positive, with the 7-day simple moving average trending upward and positioned above some longer-range averages. The 30-day simple moving average, however, is exhibiting a downward direction, suggesting intermediate-term caution and the potential for consolidation before a decisive move. The longer-term 90-day and 200-day SMAs remain in an ascending orientation, reinforcing an overall bullish undertone. Combining these signals, Elastos appears to be balancing short-term optimism with mid-term consolidation, underpinned by robust long-term growth potential.