Elrond was trading at $24.80 at the beginning of the year. Elrond started its upward rally and progressively hit the highest levels in mid-February. Today, EGLD hit an all-time high at $516.79. If the asset continues its bullish rally, it will approach $700 by the year’s end. On the other hand, trend reversal would lead to a decline of the price to support $270.