$Current Price: $16.57
Technical View (Based on Recent Charts):
Breakout Confirmation: Price has cleanly broken above the short-term resistance zone ($16.40–$16.60).
Momentum is Bullish – Consecutive green candles, increasing volume, and strong bounce from $15 zone indicate buyers are in control.
Next Resistance Levels:
1. $17.00–$17.20: Minor resistance – could cause a pause or small pullback.
2. $18.00–$18.50: Stronger resistance – where sellers might step in.
Support Now:
$16.20–$16.40 becomes new short-term support (was resistance earlier).
Conclusion – What to Do Now?
Trend is currently bullish. If momentum continues and BTC/market stays strong, EGLD could test $17+ very soon.
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