$EGLD is showing strong momentum after a clear 4H breakout, moving up from the 7.20 demand zone and pushing directly into the 8.36 resistance level with confidence. The move has been backed by rising trading volume, which suggests fresh buyer interest. The MACD has also shifted into bullish territory, indicating that upward momentum is building and sentiment is leaning toward continuation.

Market Analysis and Scenario Planning (not financial advice):

• Possible Entry Zone: 7.95 – 8.15

• Target 1: 8.40

• Target 2: 8.75

• Target 3: 9.20

• Risk Level / Invalidation: 7.65

The main level to watch right now is 8.36. If the price breaks above it and holds, there’s room for a stronger move upward, especially if volume stays active. On the downside, staying above 7.90 keeps the bullish structure intact; dropping below that level would weaken momentum and increase the chances of a deeper pullback.

Overall, EGLD is in a solid technical position, but it’s always wise to stay disciplined and follow your strategy, as market conditions can change quickly.

EGLD

8.37

+16.57%

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