EGLD Price Analysis: Positive Momentum Indicates Potential Breakout Rally
Friday, August 30, 2024 6:46 AM
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EGLD Price Analysis: Bullish Reversal Signals Potential Breakout Rally. The EGLD token, part of the multiversX ecosystem, is showing positive momentum amid a falling channel pattern. Currently trading at $28.38, with a 0.74% intraday growth, EGLD aims to challenge resistances at $37.55 and $45.34. The recent double-bottom reversal indicates a bullish cycle re-entering the consolidation range. Technical indicators suggest a positive trend, with the daily RSI above the halfway line. Overcoming the bearish trend line will be crucial for EGLD’s price surge.
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