$EGLD /USDT

🧾 EGLD/USDT Overview

Current Price: $13.39

24h Change: -7.14%

24h High: $14.74

24h Low: $13.21

24h Volume:

EGLD: 157,946.38

USDT: $2.21M

Sector: Layer 1 / Layer 2

📊 Key Technical Levels

TypePriceNotesResistance 1$13.89Nearest supply from intraday depthResistance 2$14.08Key resistance before full recovery beginsCurrent$13.39Weak bounce off low; still in bearish controlSupport 1$13.2124h low; important to hold this floorSupport 2~$12.90Next psychological level if breakdown occurs

📉 Technical Outlook

🔻 Trend: Bearish

EGLD is down over 7% and hovering just above the 24h low, indicating strong downward pressure.

Lower highs across the 4h/1D charts confirm no bullish structure yet.

📈 Volume Context

Moderate volume (~$2.21M in USDT) → steady selling, not capitulation.

No signs of a momentum shift — bears are still controlling the tape.

🧠 Scenarios

🟢 Potential Rebound

Trigger: Break and close above $13.90–$14.08

Short-Term Target: $14.40 → $14.74

Confirmation: Rising 15m/1h candles with volume uptick

Stop Loss: Below $13.20

🔴 Bearish Breakdown

Trigger: Price closes under $13.21

Target: $12.80–$12.50 zone

Note: A breakdown from here would signal a fresh leg down

⚖️ Summary Table

IndicatorStatusBiasBearishVolatilityElevatedImmediate Support$13.21Key Resistance$13.89 – $14.08MomentumDownside

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