Hey Binance‑Square fam! 🌈 The EGLD/USDT chart is flashing bullish signals—many traders might be missing it, but we're here with the full breakdown, Binance‑Square style! 👇
---
🔥 What’s the Buzz?
📈 Recent Price Action
EGLD is trading around $17.40–17.65, climbing ~5–6% in the past 24 hours and ~15% over the past week—clearing a key resistance zone and hinting at more upside .
🛡️ Support & Resistance
Support: ~$16.50–17 strong floor
Resistance: Next hurdle around $18.50–19.00; above that, eyes on $20+
📊 Technical Patterns
Short‑term moving averages recently crossed bullish .
CentralCharts notes bullish price crossover with the 50‑day MA, while overall signals remain mixed—showing both neutral and bearish longer-term trends .
---
🌐 Why Elrond’s Fundamentals Look Solid
1. Next‑Gen Smart‑Contract Platform
Now known as MultiversX, EGLD delivers fast transactions (~15k TPS) with adaptive sharding—great for dApps, NFTs, Metaverse, and gaming .
2. Healthy Tokenomics
Capped supply: 31.4M coins
66% already staked—indicating strong network participation and reduced circulating supply .
3. Growing Ecosystem
xExchange, xBridge, xSpotlight, xPortal, xLaunchpad and more expanding cross-chain and DeFi utility .
Institutional interest seen on Binance Square: Elrond projected to deliver a 5×–10× price increase in 2025 based on fundamentals & adoption .
4. Optimistic Projections
Coincodex predicts EGLD hovering around $17–18 in 2025, with steady monthly gains (~1–7%) .
CoinStats is even more bullish: forecasting $39–58 by end‑2025, and possible rally to $100 later .
---
🎯 Binance‑Square Trade Setup
Strategy Levels & Insights
Entry Zone $16.50–17.00 — strong support + recent MA bounce
Target Zone $18.50–19.00 — next resistance<br>Stretch target: $20+ if momentum stays 🔥
Stop Loss Below $16.30 — protect vs false breakout
Risk Tips Risk max 1–2% per trade; use clear stop-losses; consider DCA into dips
---
🎁 Why Now?
📌 Technical Setup: Breakout momentum + moving average cross
🛠️ Strong Fundamentals: Sharding, ecosystem growth, institutional interest
💸 Valuation Gap: Projects see big upside vs current price
💥 Market Timing: Bullish crypto sentiment favors altcoins like EGLD
---
💬 Final Take
EGLD is hitting a sweet spot: carving out support around $17, clearing a key resistance zone, backed by strong fundamentals, ecosystem expansion, and big-picture optimism for 2025. If the structure holds and we see follow‑through above ~$18.50, the next leg could be a rally toward $20+. A smart Binance‑Square style move would be phased entries, tight risk, and watching for confirmation on volume and price action.
Stay sharp, trade smart—and enjoy the ride with Elrond! 🚀✨
