$ELSA /USDT Technical Analysis: Post-Listing Correction 📉
The 4H chart for HeyElsa (ELSA) shows a significant retracement following its initial listing volatility. After reaching an all-time high of approximately $0.2571 on January 22, 2026, following its Binance Futures launch, the price has dropped -14.92% to its current level of $0.15212.
Market Dynamics & Key Indicators
Trend: Short-term Bearish. The price has broken below the EMA(7) ($0.1654), which is now acting as immediate overhead resistance.
RSI (6): Currently at 23.97, indicating deeply oversold conditions. This suggests a short-term "relief bounce" or period of stabilization is likely after the recent selling pressure.
Volume: High trading activity persists ($93.38M USDT in 24h), signaling strong market interest despite the downward price movement.
Fundamental Catalyst: ELSA is an AI-powered agentic layer for DeFi that recently secured listings on major platforms including HTX, Upbit, and Coinbase.
Trade Setup
1. Long Setup (Oversold Bounce)
Entry: Near the current support floor of $0.147 - $0.152.
Target 1: $0.170 (Retesting EMA7).
Target 2: $0.195 (Secondary psychological resistance).
Stop Loss: Below $0.129 (Breaking the recent local lows).
2. Short Setup (Trend Continuation)
Entry: Rejection at the $0.166 - $0.175 resistance zone (former support).
Target 1: $0.147 (Recent 4H wick low).
Target 2: $0.101 (Psychological support level seen during previous flash crashes).
