$EGLD LOOKS BULLISH — Breakout Confirmed, Next Stop: $31+?
EGLD | Spot: $19.39 (+0.10%)
EGLDUSDT (Perp): $19.37 (+0.12%)
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EGLD is heating up. The daily chart just delivered a textbook breakout above descending resistance, powered by a solid spike in volume — a signal we never ignore. Momentum is building, and price is now hovering just under the key resistance at $19.94.
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The Breakout in Focus
Volume surge confirms trader interest
Bullish structure intact
$19.94 remains the final hurdle before acceleration
Once this level is cleared, we’re looking at a clean runway toward higher Fibonacci targets:
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Upside Targets (Fibonacci Levels):
$21.68 – 38.2% retracement
$26.18 – 50% retracement
$31.62 – 61.8% golden zone
Each level is a potential reaction point — but if momentum sustains, EGLD could run hard.
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The Setup:
Breakout = Confirmed
Consolidation = Healthy
Volume = Rising
Structure = Bullish & clean
All signs point to continuation, but confirmation will come with a daily close above $19.94.
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This is a perfect watchlist trade with excellent R:R potential. If the breakout holds, EGLD could be setting up for a multi-week rally.
Eyes on the close. Momentum is building.
