$EGLD /USDT Chart Analysis - Bullish Momentum! 📈

Current Price: $15.58

Key Observations:

* Strong Uptrend: EGLD has been in a clear uptrend since July 9th, rising from $13.30 to its current level.

* Moving Averages Support: The price is trading above the 7-period, 25-period, and 99-period moving averages (MA(7): $15.31, MA(25): $14.93, MA(99): $13.81), indicating bullish sentiment.

* Recent Pullback & Recovery: After hitting a high of $15.84, EGLD experienced a slight pullback but is now showing signs of recovery.

* Volume Activity: Healthy volume during the uptrend, though a slight decrease in recent candles.

Short-Term Outlook:

The chart suggests continued bullish momentum as long as the price holds above the key moving averages. Keep an eye on the $15.84 resistance level for a potential breakout.

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