📈 Analysis and forecast for $EGLD : further prospects 🚀
As of May 23, 2025, 12:53 EEST, the exchange rate of $EGLD on Binance is $19.87, with an increase of 2.3% over the last 24 hours. The daily trading volume is around $25M, market capitalization is $550M (with a circulating supply of 27.7M EGLD). Market sentiment is moderately positive: users are discussing updates to the MultiversX ecosystem and growth potential.
Technically, $EGLD is in sideways movement with signs of reversal. On the 4-hour chart, the price is trading above the 50-day moving average ($19.50), and the RSI (14) at 55 indicates a neutral momentum with a hint of bullish sentiment. Key levels: support — $19.50, resistance — $20.20. A break above $20.20 may push the price to $21.00, but a drop below $19.50 will increase pressure to $18.80.
Forecast: in the short term (until the end of May), EGLD may reach $21.00 with an increase in volume and news. By July 2025, a correction to $18.80 is possible if the market remains volatile. The long-term target for 2026 is $30+, assuming an increase in interest in high-performance blockchains and the MultiversX ecosystem.
Further prospects? After a 2.3% increase and a current price of $19.87, upward movement is possible upon breaking through $20.20. For entry, it’s better to wait for trend confirmation. For holders: securing profits is justified upon reaching $21.00. Keep an eye on volumes and news, especially related to the development of DeFi and NFT on MultiversX. The market is volatile — be cautious! #EGLD #Binance #CryptoAnalysis #Altseason
