Aelf (ELF) Crypto Price Prediction 2023-2025: Will ELF Hit $1 Soon?

In the past three days, ELF price gained nearly 40% from the $0.3029 support, and surged nearly 25% intraday to $0.4252.

Aelf (ELF) crypto encountered a significant rise in active wallet addresses. These addresses belong to ELF users who participated in at least one transaction within a specified time frame. According to available data, the number of active addresses in Aelf for the past 7 days was 263 transactions. This activity indicates a higher demand and value for the asset as the number of active addresses tends to increase with the asset’s appreciation over time.

Web Story Stirs the Pot: Aelf (ELF) Crypto Active Addresses Show a Surprising RiseThroughout the crypto market, the activity level is measured in the form of projects and developments. Aelf asset shows the recent updates and changes that have occurred in the ELF. It also provides insights into the developer’s activity, which is an essential factor in determining the asset’s health and future prospects.

Meanwhile, ELF is showing advance activity, and the developer’s activity and commit count have exhibited sustained growth in ELF.

Aelf (ELF) Crypto All-Time High (ATH) and All-Time Low (ATL)The highest price for ELF was $2.95, recorded on Jan 7th, 2018. Comparatively, the price at press time appears to be 86.18% lower than the all-time high price.

The lowest price of ELF was $0.046, recorded on December 1st, 2019. Comparatively, the current price is 1300% higher than its all-time low price.

Aelf (ELF) Crypto Price Action Analysis 2023 was a roller coaster year for ELF, as it traded with steep momentum that year, while the major momentum was witnessed around November and December of 2023. It was evident on the daily chart that from the $0.45 support level, the price had peaked at $1.165 by December 24th, 2023, before profit booking dragged it back to near the previous run point.

Thereon, after struggling for 170 days in a range of $0.45 to $0.72, the price faced a further drawdown by June 11th, 2024, which reached $0.30 by July 5th. From this level, the price has shown some traits of resurgence.

If ELF price rallies, the price could have a run towards higher levels, like $0.45 and $0.72. In case it slips below $0.30, the drawdown could extend, where the price could witness lows such as the $0.12 mark.

Overall, the indicators part is boasting towards a higher jump coming, and based on the price history, gains could be epic.

The bullishness is increasing – the price is approaching the 200-day EMA band after crossing the 50-day EMA band.

Price is above the 50-day EMA; however, the 200-day EMA provides resistance at $0.4087.

If ELF price rallies, the price could have a run towards higher levels, like $0.45 and $0.72. In case it slips below $0.30, the drawdown could extend, where the price could witness lows such as the $0.12 mark.

The analysis is based on the daily chart of ELF/USD with indicators such as the Moving Average Exponential (50, 200), MACD (12, 26, 9), and Relative Strength Index (14).

At press time, the price of ELF appears to be approaching the 200-day EMA band after crossing the 50-day EMA band. The bullishness is increasing as the 50-day EMA provides support at $0.3773, while the 200-day EMA presents resistance at $0.4087.

Moreover, the Moving Average Exponential (50, 200) indicates a potential bullish trend, where the price is above the 50-day EMA and could encounter resistance at the 200-day EMA.

The MACD showed a bullish cross formed below the zero line. The MACD shows that despite the bearish trend, the bulls’ presence is increasing.

The RSI shows the curve has surpassed the median line, more likely headed for the overbought 70 level. At press time, it is 58.96.

Aelf (ELF) crypto encountered a significant rise in active wallet addresses. These addresses belong to ELF users who participated in at least one transaction within a specified time frame. According to available data, the number of active addresses in Aelf for the past 7 days was 263 transactions. This activity indicates a higher demand

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