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The cryptocurrency of the blockchain platform for creating applications on smart contracts Elrond (EGLD) has shown a significant jump in prices over the past 36 hours, up to almost + 20%.
As a result, the EGLD trading volume increased to $ 414 million, and the weekly dynamics was 8.4%, which attracted the attention of investors around the world.
As you can see in the chart, EGLD climbed above the important level of $ 300, demonstrating an almost 40% increase in the cryptocurrency rate against the price of $ 226.20. If this trend continues, there is a possibility that the EGLD could break the resistance level at $ 356.70.
In this case, we can expect a test of resistance at $ 400 and even higher. Of course, this assumption is true if the bull market and its investors continue to buy cryptocurrency.
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