Will EGLD Crypto Price Consolidation Break To A New High?

EGLD weekly technical chart suggests a consolidated trend and can soon see a new high in the future. On coming to the daily chart, the asset has been trading in a bearish move. The upside trend of the Elrond may see a setback near $200 in the future. On the downtrend the asset can see a bounceback near $100. The asset is currently trading below the 50 and 100 Daily Moving Average. The 100MA of the line is currently near $201 and can act as a temporary resistance zone for the price. If the asset jumps 15 to 20% above the current level then a new high can be seen in the future.