EGLD Revisits Key Support Level — Will Buyers Maintain the Uptrend?
EGLD's Bullish Momentum: EGLD has broken above the $13 support level and escaped a descending wedge, indicating a potential rally with a target of $19, reflecting a 37% gain from the breakout point.
Market Sentiment and Trading Activity: The market shows cautious sentiment with balanced long and short positions, lower trading volumes, and a decrease in liquidations, suggesting traders are being more conservative in their approach.
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Technical Analysis for EGLD
Technical Sentiment Analysis for MultiversX (EGLD) As of , MultiversX (EGLD) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EGLD stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, EGLD is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
MultiversX (EGLD) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2.171 | 2.926 | 3.821 | 4.576 | 5.471 | 6.226 | 7.121 |
| Fibonacci | 2.926 | 3.556 | 3.945 | 4.576 | 5.206 | 5.595 | 6.226 |
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