Price Analysis of ELEF World (ELEF) and ZaddyInu Token (ZADDY)
As of today, several cryptocurrencies are demonstrating high performances and they have observed huge rallies in the past 24-hours. As a result, these cryptocurrencies have observed high elevations in their prices. Despite several cryptocurrencies demonstrating high performances, the two major assets include ELEF WORLD (ELEF) and ZaddyInu Token (ZADDY). Therefore, the on-chain data analyzing firms have shared positive/negative predictions for the couple.
ELEF WORLD Observes a 95.09% Rally
While the major cryptocurrencies struggle to save themselves from the plummet, ELEF WORLD has observed a 95.09% rally in the past 24-hours. The rally has helped push ELEF WORLD to its current value of $0.0005172 per ELEF.
Bulls are in High Spirits
In the past 24-hours, the sentiments of the bulls become concrete. This means that the rally is far from over and the bulls may continue accumulating ELEF WORLD to push it up to $0.001009 per ELEF.
The candlestick pattern is also supporting the bullish run as it shows that the bulls may buy the dips if the bears are able to form any. This suggests that the bulls have very high sentiments and they are backed by the investors in their march.
The strong sentiments would eventually materialize in the form of rallies, pushing the value of ELEF WORLD up to another resistance mark of $0.001488. If the bears are no match for the buying power imposed by the bulls, then there would be no stopping the bulls from achieving $0.002196 per ELEF.
What if Bears Take Lead?
Although it is highly unlikely given the current ELEF situation, if the bears do manage to take the lead, the first dip they cause would be $0.0004137. The major agenda for the ELEF bears would be to drive the moving averages plus the RSI into the negative territory.
If the bears find success in driving both the RSI and the moving averages for ELEF on their side, then ELEF WORLD may dip to $0.0003723. If the ratio of the bears versus the bulls leans towards the bears, then ELEF WORLD may plunge to $0.003351 per ELEF.
ZaddyInu Token Observes 88.30% Rally
ZaddyInu Token (ZADDY) is also under the spotlight as it has grown by 88.30% in the past 24-hours. The rally has brought the unit price of ZaddyInu Token up to its current value of $0.0000000004600 per ZADDY.
With the investors siding with the bullish sentiments, the bulls have the opportunity of pushing ZaddyInu Token’s price over $0.0000000008661 per ZADDY. If the bulls do not lose their buying power, then the price of ZaddyInu Token may grow up to the second strong resistance mark ($0.000000001248).
As the bulls are able to build more motion for ZaddyInu Token’s acquisition, the price of ZaddyInu Token may rise to $0.000000001799.