These Are Crypto Gaming Projects Making Waves in the Last 30 Days
Market Trends: The crypto gaming sector has experienced a 29% decline in market capitalization and trading volume over the past month, largely due to a broader downturn in the cryptocurrency market, particularly affecting bitcoin (BTC).
Development Activity: Despite the market decline, key gaming projects like MultiversX, Decentraland, and Skale Network have shown significant development activity, with MultiversX leading the way as the top project in this regard.
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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 | 2.295 | 2.988 | 3.825 | 4.518 | 5.355 | 6.048 | 6.885 |
| Fibonacci | 2.988 | 3.572 | 3.933 | 4.518 | 5.102 | 5.463 | 6.048 |
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