ELA has delivered an impressive rally with buyers taking complete control. The recent surge suggests fresh accumulation rather than just short-term speculation. If trading volume continues rising, bulls could push the price into another breakout phase. Strong support is located near $0.295, while $0.320 acts as the first resistance barrier. A decisive close above resistance may send ELA toward $0.340–$0.360. Traders should monitor volume closely because sustained buying pressure will determine whether this move becomes a major trend. The technical picture remains positive as long as support is respected.
Support: $0.295
Resistance: $0.320
Next Target: $0.340–$0.360
