$EGLD looks pretty bearish to me here. After the rejection from $5.50, price has been making lower highs and sliding back toward the bottom of this $4.70–$5.20 range. At $4.838, I’m more focused on whether $4.70 can hold than on chasing another move higher.
For me, the bearish structure stays intact while price remains below $5.20. If $4.70 breaks with real selling pressure, I’d expect the recent run to lose momentum and a deeper pullback becomes more likely. I would want to see EGLD reclaim $5.20 and hold it before changing that view.
Volume has also cooled compared with the bigger spikes during the earlier move. So if buyers want to turn this around, I’d want to see stronger volume behind a move back above $5.20. Without that, the rejection and lower highs still look like the stronger signal.
I think if price breaks above $5.20 with good volume, it's gonna become bullish again.
but if price falls even below $4.7, then there's no coming back.
Price: $4.838
24h Change: +14.89%
Volume Traded: $10.07M USDT
Timeframe: 15m
DYOR, not financial advice.
For me, the bearish structure stays intact while price remains below $5.20. If $4.70 breaks with real selling pressure, I’d expect the recent run to lose momentum and a deeper pullback becomes more likely. I would want to see EGLD reclaim $5.20 and hold it before changing that view.
Volume has also cooled compared with the bigger spikes during the earlier move. So if buyers want to turn this around, I’d want to see stronger volume behind a move back above $5.20. Without that, the rejection and lower highs still look like the stronger signal.
I think if price breaks above $5.20 with good volume, it's gonna become bullish again.
but if price falls even below $4.7, then there's no coming back.
Price: $4.838
24h Change: +14.89%
Volume Traded: $10.07M USDT
Timeframe: 15m
DYOR, not financial advice.
