$EGLD is showing strong short-term momentum. The token is around $5.21, with CoinGecko reporting roughly +9.6% over 24 hours and +15.1% over 7 days.
🔥 Key points
Bullish catalyst: MultiversX's Supernova mainnet upgrade is scheduled for activation around September 10, targeting much faster block times and sub-250ms intra-shard finality.
Resistance: $5.50–$6.00 is an important near-term zone. A sustained break above $6 could open the way toward approximately $7.10.
Support: Around $5.30, followed by the $4.80–$5.00 area.
Trend: Short-term bullish, but medium-term recovery is not fully confirmed because the larger downtrend remains a concern.
Outlook: 🟢 Bullish above $6 | 🟡 Neutral around $5–$6 | 🔴 Risk increases below $4.80
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