Elrond is hinestly one of the best projects I know. I remember when it was $20 .
Team behind this project is insane,they have really active community, so much things to offer on their blockchain and they are constantly posting something new and launching new stuff that hasnt been seen before.

Back to charts,
Elrond didnt had choch(change of character ) and didnt break previous high. But if you take in consideration that it was liqudation wick it is understandable.
Homever I think that pullback will continue to $130 area ,possibly create double bottom and maybe make new ATH.
BTC ta and USDT.D ta that you can find links below this chart also confirms this.
Elrond is probably even best project you can invest for long term,hands down to hard working team.

THIS IS NOT FINANCIAL ADVICE. DYOR