MultiversX $EGLD spot update 📊
$EGLD is trading near $2.87, down ~2.7% today, with a day range of $2.80–$2.99. It's now -21.5% over the past month and -51% year to date.
Support sits at $2.80 (today's low), then $2.70. Resistance at $2.99 (today's high), then $3.03.
The coin is ~99.5% below its $545.64 all-time high from Nov 2021 — one of the deepest drawdowns among large-cap L1s. Market cap is only ~$90M, so spot moves can be sharp both ways.
Bitcoin is holding ~$73,700, with support near $72,800 and resistance at $75,000. Until BTC reclaims $75K, EGLD spot stays a trade, not a trend.
Verdict: watch the $2.80 support — a daily close below it opens lower levels; holding it keeps a bounce toward $3.00 alive.
Not financial advice. DYOR.
#MultiversX #Crypto #Altcoins
$EGLD is trading near $2.87, down ~2.7% today, with a day range of $2.80–$2.99. It's now -21.5% over the past month and -51% year to date.
Support sits at $2.80 (today's low), then $2.70. Resistance at $2.99 (today's high), then $3.03.
The coin is ~99.5% below its $545.64 all-time high from Nov 2021 — one of the deepest drawdowns among large-cap L1s. Market cap is only ~$90M, so spot moves can be sharp both ways.
Bitcoin is holding ~$73,700, with support near $72,800 and resistance at $75,000. Until BTC reclaims $75K, EGLD spot stays a trade, not a trend.
Verdict: watch the $2.80 support — a daily close below it opens lower levels; holding it keeps a bounce toward $3.00 alive.
Not financial advice. DYOR.
#MultiversX #Crypto #Altcoins