EGLD/BTC on the weekly timeframe has finally been broken through the long-standing multi-year descending channel—an important structural signal that cannot be ignored.
Along with a surge in trading volume, a DSS Bressert golden cross, and a confluence with an RSI bullish divergence at the bottom, MultiversX’s technical picture is breaking free from long-term suppression.
More importantly, the Supernova upgrade brings sub-second-level finality—this isn’t just a narrative; it’s a tangible performance leap, opening up new room for imagination for on-chain applications.
The current price is
$EGLD at $3.07, with a market cap of only $93.26 million and $12.03 million in 24h trading volume. Compared with other high-performance public chains, its valuation is clearly at a deep discount.
A technical breakdown + fundamental upgrade + low market cap, all stacking together, often precede the start of a trend. Of course, the confirmation via a pullback after the breakout is equally important—aggressive traders can probe with a small position, while more cautious traders should wait for the weekly close to hold.
#MultiversX #EGLD #Supernova