🔥 Analysis and Follow-up on Currency $EGLD (MultiversX)
Suggested Purchase Price: 8.25
Targets:
🎯 Target One: 9.10
🎯 Target Two: 9.85
🎯 Target Three: 10.60
Stop Loss: 7.55
$EGLD (MultiversX) is one of the strong projects that focuses on high speed and expansion, while still maintaining a stable presence among blockchain networks. The current price of 8.25 is close to an important support level, and if liquidity increases a bit, we might see a respectable rebound towards the first target of 9.10.
📈 Technical Indicators
• RSI is in a comfortable zone and gives room for upward movement without pressure.
• MACD is close to a positive crossover, which often indicates the start of a new wave.
• Trading volume is stable and there are signs of accumulation entry.
• The price is above clear support, and if it continues, it supports the upward journey towards the targets.
💡 Advice
Keep your entry gradual and with a calculated size, especially since $EGLD might move strongly suddenly.
⚠️ Alert
Breaking the level of 7.55 is considered an immediate exit signal to avoid any additional decline.
