$EGLD | Will it continue to rise or could it correct?
Potential upside:
If it maintains support at $14.70 and surpasses $15 with volume, it could advance towards $16–$16.50.
The increasing activity and staking in MultiversX provide institutional and fundamental backing.
Correction risks:
The RSI in overbought territory foreshadows possible profit-taking, which poses a risk of technical pullback before new rises.
In larger scales, the technical consensus warns of caution due to mixed or prolonged bearish signals.