$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
