$ELP is waking up.🤑

After weeks of tight range trading, today we’ve just seen a clean breakout from a tight consolidation range, pushing up +7.59% in the last session. Price has reclaimed and is now sitting above the short-term moving averages (MA5: 0.003407, MA10: 0.003372, MA30: 0.003322), which are fanning upward — a sign of strengthening momentum. The golden cross between MA5 and MA10 is confirmation that short-term traders are taking control of the trend.

However, volume is the real tell here. At 7.85M $ELP traded over 24h, there’s clear interest returning to the market. Liquidity is flowing back in, and the size of the breakout candle relative to the prior range shows conviction buying.

The nearest resistance is around 0.003586, which is only a hair above current price. If bulls can sustain this momentum and close a few candles above it, we’re looking at an open runway towards the 0.003700–0.003800 zone in the coming days. A successful retest of 0.003450 as support could trigger the next leg up.

Market psychology also plays a role — after prolonged sideways action and recent lows of 0.003153, this move feels like a pressure release. Traders who’ve been waiting for a directional bias are getting it now, and if broader sentiment aligns with the ongoing staking and product news around @elympics_ai, we could see this breakout extend.

The last time $ELP broke structure with this kind of conviction, it didn’t just pop — it ran. So with volume rising, technicals flipping bullish, and the ecosystem firing on all cylinders, the next days could be the inflection point.

In short: Momentum is up, structure is bullish, and fundamentals are aligning. If current buyers hold the line and push through 0.003586, the next days could bring a rally towards 0.0038–0.0040. The key will be maintaining volume — if that stays strong, this move might just be the start.

I’m super Bullish! 💪