According to coinmarketcap, the total supply of ELON is around 1000T ELON and around 556B of the ELON are in circulation at the moment. It holds the 95th rank according to market cap and has a market dominance of 0.04%.
At the time of writing ELON is being traded at the price of $0.000001761 with an increase of almost 24% in the last 24 hours. The maximum and minimum today are $0.000001868 and $0.000001523 respectively. The daily trading volume has increased by almost 181.28%. ELON had created its ATH in October 2021 and reached a price of almost $0.000002670. The price during the crash dropped down to a price of almost $0.000000042 in the month of July 2021. Overall the price is moving to higher highs. In October, we saw an increase of almost 4100%. This month, we have seen an increase of almost 4.10%.
Technical Analysis – Dogelon Mars (ELON)
Dogelon Mars has gained almost 4000% in October. After the gain, the price did a descending correction. The momentum broke down and ELON grabbed the liquidity present below with a fast wick down. The price did show strength at that point, but eventually, it dropped down and started to make lower lows and lower highs.
The price started to become constricted and eventually broke out that resulting in the price moving upwards. Now it can be seen that there is an order block present above and liquidity as well. Both features can be a reason to drive the price upwards.
When it happens, we can look for a reaction there. Most probably, ELON is going to face resistance and this would result in a drop in the price. Lower time frame confirmations should be taken into consideration to have a cleaner entry into the market.
Price Prediction – Dogelon Mars (ELON)
ELON even though is a meme coin. It is a good investment and is going to provide great returns. Wallet investor considers ELON to be a really good investment as well. According to them, in a year the price is expected to reach a value of $0.000003. In five years the price is expected to reach a value of $0.000009. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before ELON moves up to create a new ATH.
