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$ELA is trading near $0.6046, up 73.88% over 24 hours.

Key Support: $0.5600–$0.5800

Strong Support: $0.5200

Resistance R1: $0.6500

Resistance R2: $0.7000

Breakout Target: $0.7000–$0.7600

ELA is showing strong bullish momentum. However, the next important test is whether buyers can hold above the recent breakout area.

A confirmed move above $0.6500 could strengthen the bullish structure. Failure to hold support would increase the possibility of a deeper pullback.

Avoid chasing extended candles. A retest with controlled risk offers a more disciplined setup.#Nasdaq Falls 1.07% as Semiconductor Stocks Extend AI-Driven Selloff #Apple Stock Falls After Q4 2026 Earnings Beat: Why Margins and Memory Costs Worry Investors #Palantir Q3 2026 Earnings Beat Estimates: Revenue Jumps 96% on AI Demand

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