The price of Elrond (EGLD) has shown little relief bounce against Tether as it continues to range in its bearish flag pattern. Although relief bounces are shown by other cryptocurrencies across the market, with some double-digit gains, Elrond’s price has struggled to crack those gains. (Data from Binance)
Elrond Price Analysis On The Weekly Chart
Weekly EGLD Price Chart | Source: EGLDUSDT On Tradingview.com
From the chart, the price of Elrond saw its weekly bottom at $40, and the price of EGLD bounced from that region to a price of $57 on the weekly chart as the price is unable to show much strength to trend higher.
EGLD weekly candle closed with a bearish sentiment, with the new week’s candle looking indecisive.
The price has continued to show little or no traction; If the price of EGLD on the weekly chart maintains this ..
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 Builds Bearish Sentiment, Will Price Coil Up To 80 Instead?){kind=link}