Current Overview (Daily Timeframe):

Price: $16.05

24h High: $16.11

24h Low: $15.03

Change Today: +5.94%

Middle Bollinger Band (MB): $16.15

Upper Bollinger Band (UP): $18.57

Volume: Increased slightly (22k+), showing moderate buying interest

Technical Signals:

Bullish Reversal Attempt: A green candle forming after a strong red streak.

Price is very close to breaking above the middle Bollinger Band ($16.15):

If price breaks and holds above $16.15, EGLD could rally toward the $16.70–$17.00 zone.

If price gets rejected near $16.15, short-term pullback to $15.50–$15.30 is possible.

Today’s Outlook:

Scenario Target

Break above $16.15 $16.70 → $17.00

Fails to break $16.15 Pullback to $15.50 – $15.30

Final Thoughts:

Short-term Bias: Neutral to slightly bullish

Key level to watch today: $16.15

Upside Potential Today: Up to $17.00 if breakout holds

Downside Risk: Likely limited to $15.30 unless volume sharply drops

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