$EGLD has been rising nonstop over the past few days. It climbed from the low area near $2.55 all the way up to a high of $4.810 and is now sitting at $4.769, still very close to the top after a strong continuous move higher.
The upward trend has been clean with higher highs and higher lows. Buyers have stayed in control for most of the way and the latest push looks especially strong. After such a long and steady climb it’s normal to see some pause or small pullback, but so far the price is still holding its gains well. As long as it stays above the $4.40–$4.50 area the short-term strength remains intact. A break above $4.810 with volume could open the next leg higher.
Volume has been increasing during the recent upward candles which is supporting the move. If this volume continues the upside can keep going. If volume starts to fade while price is near the high, then some cooling off becomes more likely.
24h low: $3.881
24h high: $4.810
24h Volume Traded: 3.01M USDT
24h Change: +21.53%
Spot only. DYOR, not financial advice.
The upward trend has been clean with higher highs and higher lows. Buyers have stayed in control for most of the way and the latest push looks especially strong. After such a long and steady climb it’s normal to see some pause or small pullback, but so far the price is still holding its gains well. As long as it stays above the $4.40–$4.50 area the short-term strength remains intact. A break above $4.810 with volume could open the next leg higher.
Volume has been increasing during the recent upward candles which is supporting the move. If this volume continues the upside can keep going. If volume starts to fade while price is near the high, then some cooling off becomes more likely.
24h low: $3.881
24h high: $4.810
24h Volume Traded: 3.01M USDT
24h Change: +21.53%
Spot only. DYOR, not financial advice.
