I like what EGLD did today, but what really caught my attention isn’t the move itself.
Sometimes when a token that has been quiet for a long time starts moving again, the story it left behind comes back with it.
That’s what I feel with EGLD today.
It reached $5.50, with 24-hour volume moving above $70M.
I’m not trying to turn that into a price target.
I’m just thinking about something:
When something starts moving again, is it really the price gaining value, or is it the attention around it?
A token can stay quiet for a long time. Its price can fall, it can disappear from the conversation, and fewer people can care about it.
But does that mean its story is actually over?
I don’t think one candle can answer that.
What matters is what remains after the move is over.
That’s exactly what I’m watching with EGLD right now.
Not today’s rise.
Whether there is still a story left when the rise is gone. $EGLD
Sometimes when a token that has been quiet for a long time starts moving again, the story it left behind comes back with it.
That’s what I feel with EGLD today.
It reached $5.50, with 24-hour volume moving above $70M.
I’m not trying to turn that into a price target.
I’m just thinking about something:
When something starts moving again, is it really the price gaining value, or is it the attention around it?
A token can stay quiet for a long time. Its price can fall, it can disappear from the conversation, and fewer people can care about it.
But does that mean its story is actually over?
I don’t think one candle can answer that.
What matters is what remains after the move is over.
That’s exactly what I’m watching with EGLD right now.
Not today’s rise.
Whether there is still a story left when the rise is gone. $EGLD
