$EGLD /USDT โ€“ Holding Strong After a Push ๐Ÿš€ | Key Levels to Watch

Hey everyone, let's break down $EGLD /USDT today. The chart shows some interesting action after that recent pump. Hereโ€™s my take:

๐Ÿ“Š Quick Stats:

ยท Price: $6.58 | +5.79% ๐Ÿ“ˆ

ยท 24h High: $7.56

ยท 24h Low: $6.18

ยท 24h Volume: $6.46M (USDT) | 940K (EGLD)

๐Ÿ“ˆ Technical View:

Currently trading around $6.58, #EGLD is sitting right between key moving averages:

ยท MA(7): $6.68 (near-term resistance)

ยท MA(25): $6.59 (immediate level)

ยท MA(99): $6.27 (support zone)

The price recently tested the $7.56 high but pulled back, which is normal profit-taking. The good news: itโ€™s holding well above the MA(99), which signals the overall trend is still bullish.

๐ŸŽฏ Key Levels:

ยท Resistance: $6.68 (MA7) โ†’ then $7.00 โ†’ $7.56 (24h high)

ยท Support: $6.18 (24h low) โ†’ $6.27 (MA99)

Volume is decent, showing interest is still there. If we can break and hold above $6.68**, I expect a retest of **$7.00+.

๐Ÿ’ญ My Opinion:

#EGLD has been showing relative strength in the L1/L2 space. The bounce from $6.18 was strong, and holding above $6.50 is a good sign. Iโ€™m watching $6.68 closely โ€“ a clean break could signal the next leg up.

As always in crypto, manage your risk. Stops below $6.18 could make sense if youโ€™re trading short-term.

Whatโ€™s your plan with $EGLD ? Buying dips, holding, or waiting for a clearer breakout?

Let me know in the comments! ๐Ÿ‘‡

EGLD
EGLDUSDT
5.184
+0.52%

---

#EGLD #MultiversX #Crypto #BinanceSquare #TechnicalAnalysis #Altcoin