Technical Analysis of EGLD/USDT:-
EGLD is currently trading at $41, which is 93% down from its all-time high.
Despite many influencers claiming that it would reach $1000, investors suffered significant losses due to their funds being liquidated.
In my opinion, EGLD is likely to experience further downward trends, and it may test the $27 level, resulting in a 34% drop from its current value.
I remain bullish on EGLD only if it surpasses the $52 level.
In bear markets, smart traders buy the dip and sell in bull markets. At present, both the RSI and MACD indicators are bearish.
The critical levels to watch:-
Support:- $27
Resistance:- $52
If you appreciate my analysis, please like and share it.
To stay up to date on the latest crypto real-time updates, be sure to follow me.
Thank you.
