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Dogelon Mars Analysis: ELON Price Taking A Short Break, Will Its Rally Continue Or Dip More?

The star of October crypto rally ELON token, which surged around 4000%, is currently in a consolidation phase. The technical outlook for ELON/USD still indicates a bullish trend as the coin is trying to sustain these higher levels. Watch out for these supports levels that can help the token to maintain this rally 

The ELON token price trying to hold above the 0.382 Fibonacci retracement level
The ELON token’s daily RSI showed a striking drop in its value
The intraday trading volume in the ELON token is $60.8 Million, indicating an a4.72% gain.

Source- ELON/USD chart by Tradingview
The ELON token showed an incredible rally in October, where the price gained more than 4000% from the month’s low. The token made a New All-Time High at the $0.00002675 mark and then entered a retracement phase. 
This moderate pullback managed to sustain above the 0.618 Fibonacci level and is showed a decent recovery in its technical chart. Moreover, the 20 EMA line is also providing strong support t

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