Elrond Price Prediction – Will EGLD Price Hit $500 in 2022?

[kRadee]

This Elrond (EGLD) Price Prediction article is based on the technical analysis of Elron Price for 2022 and 2023.

The crypto market is back on track and has started to recover again. competitive and volatile. Many cryptos reached their new ATHs in the 2021 bull run. The Elrond (EGLD) also attained a new all-time high price of $542.58 on November 21st, 2021.

Elrond (EGLD) Price Prediction 2022

EGLD price well performed in the 2nd half of 2021. Moreover, the EGLD price showed a bullish trend. However, If EGLD continues the bullish trend, the price may reach $497.95 by the end of 2022.

EGLD price can even reach $500 if the bullish trend continues to climb up.

On the other hand, if the EGLD price turns out to be bearish, the price might plummet to almost $56.20.

Elrond (EGLD) Price Prediction 2023

Elrond (EGLD) price has the potential to move even greater heights.  However, reaching $1,000 is a bit challenging. This seems possible If the price can surpass the psychological resistance level.

[asriloni]

I'm only seeing bitcoin is trying to recover but this will not always become a signal if the bullish trend has come. Bitcoin needs to reach ATH again to make it happen. Remember that if EGLD almost reach 500 but it goes down again due to the bullish trend for bitcoin already ended. The history need to be repeated again and if bitcoin is not even reaching new ATH and you must think this coin can reach 500 this year.
I will not even feel bullish if bitcoin is not doing showing the bullish pattern. I just realize how strong bitcoin affecting the altcoins (include EGLD).

I just wanna say that if 500 looks so difficult at this moment. This can't be reached by EGLD without the help from the bitcoin.