Here’s a technical overview of $EGLD /USDT based on the provided data:

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Price & Volume

Current Price: $18.99 (-2.57% on the day)

24h Range:

High: $20.28

Low: $18.23

24h Volume:

EGLD: 218,447.87

USDT: ~$4.22M

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Trend & Moving Averages

MA(5): 51.04

MA(10): 55.90

– Price is significantly below both, suggesting a short-term downtrend or correction.

MA(40): $18.90

– Current price just above MA40, a mild support level to monitor.

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Depth & Key Levels

Support:

$18.90 (MA40)

$18.23 (24h low)

Resistance:

$19.00 (psychological)

$20.28 (24h high)

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Indicators

MACD: Likely bearish, as price is declining with volume

Bollinger Bands: Likely expanding—indicating increased volatility

SAR: If dots are above price, trend is still bearish

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Market Bias & Outlook

Bias: Short-term bearish, but approaching a support zone

Risk Zones:

A drop below $18.90 could open the path to $18.23–$18.00

A recovery above $19.20 on strong volume may target $20.00–$20.28

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Would you like an intraday scalp setup (15m/1h) or a swing strategy (4h/1D)?

#EGLD #MarketPullback #BinancelaunchpoolHuma #GENIUSAct #Write2Earn