Elongate Price Prediction 2022: Is Elongate a Good Investment?
Table of Contents
- Elongate Price Prediction | Introduction
- Elongate Price Prediction: Technical Analysis
- Elongate Crypto Price Prediction: Technical Conclusion
- Elongate Price Prediction: Market Opinions
- Elongate Price Forecast for January – February
- Elongate Price Forecast for the Rest of the Year
- Elongate Price Forecast for the Next Year
- Elongate Price Prediction – News
- Elongate Price Prediction: Verdict
Blockchain is breathing new life to a new generation of social impact stars – this Elongate price prediction looks at how the startup will make your dream come true for you, and for others. Elongate gives everyone a chance to dream big and win while helping make the world a better place.
The traditional charitable system is broken. Elongate has emerged into the scene with a dramatic, new philosophy to influencing social impact. This approach has the potential to transform the scale of Elongate crypto price by dictating investor sentiments.
Elongate Price Prediction | Introduction
At the time of making this Elongate crypto price prediction, the Elongate coin was trading at $0.00000003212 based on CoinMarketCap data. The market cap of the entire network at this price Elongate crypto coin price was over $15 million, fully diluted to nearly $32 million.
Elongate is on fire. Its approach to charity fundraising is a rarity in the financial world, raising enough funds to bring about social change while giving investors the most value for their money. It is one of the stars emerging from the Binance Smart Chain ecosystem.
Bringing the scale of social media to social impact is no easy fit, yet Elongate crypto aims to build a purposeful platform to support this redefined philanthropy. Its mission is to encourage social media users to post content that makes the world a better place.
Elongate Price Prediction: Technical Analysis
To find scope for our Elongate price prediction, let’s consider the historical trading patterns to get a better understanding of the strengths, weaknesses, opportunities, and threats of the coin. Here is a summary of the recent price action:
|Month||Open Price||Closing Price||Month High|
Elongate crypto coin price has dropped below a crucial support level, converting it into a resistance barrier. From here on, any minor uptrend is likely to face intense rejection at this barrier, resulting in a sharp correction.
The coin has set up a double bottom at $0.0000000291 after dropping roughly 29% over the past 14 days. This downswing and the bottom reversal pattern have left quite a bit of sell-side liquidity resting at the current support level.
Investors should watch this level as it could make or break Elongate price prediction scenarios. There is a good chance Elongate crypto could attempt a 15% advance from this level to tag the recently flipped demand zone, extending from $0.00000005 to $0.00000009.
A retest of this resistance level on a daily timeframe is likely to result in a sharp rejection, providing investors with the opportunity to take short positions. In a shorter timeframe, the breaker at $0.000000038 is another opportunity zone for a bearish Elongate crypto price prediction.
The resulting downswing is likely to compromise the $0.0000000291 support level and collect the liquidity resting below it. In some scenarios, Elongate crypto price could slide as low as the yearly support level at $0.000000015, where market participants are likely to book profits.
Elongate Crypto Price Prediction: Technical Conclusion
If Elongate crypto price progresses through a $0.00000005 to a $0.00000009 breaker, producing a weekly candlestick close above it, the bearish Elongate price prediction thesis would face invalidation.
Such a development could see Elongate form a base around the $0.0000001 barrier, in preparation for an uptrend. A potential spike in buying pressure around this level could see Elongate crypto coin retest the $0.00000024.
Elongate Price Prediction: Market Opinions
From the technical analysis above, one thing is clear: Elongate needs a burst of enthusiasm from buyers and sellers alike for investors to be presented with a wealth of opportunities to cash in profits. That’s the Elongate price prediction shaping investor attitudes toward the crypto.
These sentiments are shared by crypto experts, industry influencers, and forecasting systems. In this section, let’s consider the predictions of these experts to get a better view of the market attitudes and key levels to watch.
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Elongate Price Forecast for January – February
TradingBeast Elongate price forecast for January to February proposes the crypto is primed to make another run for the resistance level before falling short to $0.00000003. The forecast identifies significant downside potential of Elongate, hence a bearish Elongate crypto price prediction.
CoinArbitrage paints a bearish picture on its Elongate price forecast for January – February. The forecast system suggests a lack of enthusiasm on the buyer’s side has spelled doom for Elongate crypto, which could only send the token lower to retest $0.00000002.
Elongate Price Forecast for the Rest of the Year
WalletInvestor is bearish on Elongate price prediction. According to the Elongate price forecast for the rest of the year, the consolidation phase has dealt a heavy blow on Elongate crypto, suggesting a lack of buying pressure that could send the token to trade as low as $0.000000003.
DigitalCoin eyes a daily close above $0.00000004388 support, to create a higher high and validate a bullish Elongate crypto price prediction. The system predicts a 20% long opportunity in its Elongate price forecast for the rest of the year, but the coin needs to overcome two significant barriers.
Elongate Price Forecast for the Next Year
Gov.Capital price prediction system eyes a possible revisit of the yearly support level, before a lack of volatility forces Elongate crypto to completely devalue. A lack of buying pressure is the biggest hurdle for this token according to the Elongate price forecast for the next year.
PricePrediction eyes a solid breakout in a year as Elongate consolidates. It points to signs in the price chart that appear to suggest that an uptrend is imminent around the demand zone at $0.00000005. This Elongate price forecast for the next year targets a maximum price of $0.00000006.
Cryptocurrency Experts and Influencers
Crypto Money remains bullish on Elongate crypto price prediction despite the obvious. The influencer identifies what would constitute a valuation of $1 in the future, but raises concerns that seem to say Elongate crypto will come short of this prediction.
Elongate Price Prediction – News
The Elongate staking vault was recently launched to offer holders more opportunities to earn amazing rewards from the network. It is a program that intends to deliver high returns and add another layer to earn as part of the plan to merge earning with giving on the Elongate platform.
On the social good front, Elongate is channeling the holiday cheer and charitable programs through multiple campaigns that target four continents and some of the poorest countries in the world including Nigeria, India, Brazil, and more. It’s all aimed to bring liquidity to Elongate crypto.
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Elongate Price Prediction: Verdict
The platform brings together the social world for social good has had a rocky start to 2022, but investors should not be quick to dismiss this Elongate price prediction. Elongate crypto might just be one of those projects that need a little more legroom to skyrocket. In the meantime, a bearish Elongate crypto price prediction is justified.