๐
$EGLD /USDT Market Update โ $24.68 (+15.00%)
๐ Current Price: $24.68
๐ 24H High: $24.74
๐ 24H Low: $21.39
๐ 24H Volume: 363,999.97 EGLD / 8.38M USDT
๐ Technical Analysis
โ
Support Levels:
$24.00 - $23.60 โ Immediate support
$22.50 - $21.40 โ Strong support
๐ Resistance Levels:
$24.75 - $25.00 โ Immediate resistance
$26.50 - $27.00 โ Next breakout target
๐ Indicators & Trend Analysis
๐น RSI: Near overbought โ strong momentum, potential short-term correction
๐น MACD: Bullish crossover โ continuation likely
๐น Bollinger Bands: Price near upper band โ possible breakout or consolidation
๐ Trading Strategy
๐ Bullish Scenario:
A break above $24.75 - $25.00 could push EGLD to $26.50 - $27.00
Sustained momentum may target $30+
๐ Bearish Scenario:
Losing $24.00 could lead to a pullback to $23.60 - $22.50
Breaking below $21.40 would indicate further downside
โ ๏ธ Risk Management:
๐น Stop-loss: Below $24.00
๐น Take profit: $26.50 - $27.00+
๐ Final Thoughts
EGLD/USDT is in a strong uptrend, testing key resistance at $24.75 - $25.00. A breakout could lead to $26.50 - $27.00, while a rejection may bring a short-term pullback.
#Crypto #EGLDUSDT #Layer1 #CryptoTrading