$EGL1 🧠 Strategic Summary of EGL1 (around $0.06886)
General Trend: Mild bullish with consolidation.
Current Momentum: Decision point. It may break out or pull back, but it has a strong base.
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📊 1H Chart (Short Term)
Price: $0.06886
MA10 (yellow): Dynamic support, the price is close.
RSI (6): ~52 → Neutral. Not overbought nor oversold.
MACD: Slightly negative but converging (could change color).
Volume: Decreased a bit, but not concerning.
🧭 Reading: It is consolidating after a strong rise. If it breaks $0.0703, it can go directly to test $0.073–$0.0747 again. If it loses $0.066, it may pull back to the area of $0.064.
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⏰ 4H Chart (Medium Term)
Price: $0.06885
MA10 (yellow): Bullish, just crossed MA99 → positive signal.
RSI (6): ~63.6 → Strong but not overbought yet.
MACD: Crossing to green with increasing volume.
🧭 Reading: It is recovering strongly. If it surpasses $0.0703 with volume, a rise towards $0.074 or more is very likely. Very good reversal signal from the previous low ($0.0476).
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📆 1D Chart (General Trend)
Price: $0.06886
MA10 > MA20: Indicating golden cross.
RSI (6): ~57.3 → Still with room to rise.
MACD: Just beginning to turn upward. Volume still low, but with intent.
🧭 Reading: It is in a full accumulation phase after a strong drop. It has already rebounded 45% from the low ($0.047). If the market supports it and manages to break $0.074, it can go to $0.09–$0.11 (the previous high).
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📌 Conclusion and Recommended Action
✅ You are in a good moment. This token is coming out of accumulation and seeking momentum. It is not overbought yet and has solid technical support.
📈 Short-term target price: $0.074
📈 Medium-term target price: $0.09–$0.11
📉 Strong support: $0.064 / $0.058
📛 If it breaks below $0.056 with volume: reevaluate.
