$EGLD /USDT – Holding Strong After a Push 🚀 | Key Levels to Watch
Hey everyone, let's break down $EGLD /USDT today. The chart shows some interesting action after that recent pump. Here’s my take:
📊 Quick Stats:
· Price: $6.58 | +5.79% 📈
· 24h High: $7.56
· 24h Low: $6.18
· 24h Volume: $6.46M (USDT) | 940K (EGLD)
📈 Technical View:
Currently trading around $6.58, #EGLD is sitting right between key moving averages:
· MA(7): $6.68 (near-term resistance)
· MA(25): $6.59 (immediate level)
· MA(99): $6.27 (support zone)
The price recently tested the $7.56 high but pulled back, which is normal profit-taking. The good news: it’s holding well above the MA(99), which signals the overall trend is still bullish.
🎯 Key Levels:
· Resistance: $6.68 (MA7) → then $7.00 → $7.56 (24h high)
· Support: $6.18 (24h low) → $6.27 (MA99)
Volume is decent, showing interest is still there. If we can break and hold above $6.68**, I expect a retest of **$7.00+.
💭 My Opinion:
#EGLD has been showing relative strength in the L1/L2 space. The bounce from $6.18 was strong, and holding above $6.50 is a good sign. I’m watching $6.68 closely – a clean break could signal the next leg up.
As always in crypto, manage your risk. Stops below $6.18 could make sense if you’re trading short-term.
What’s your plan with $EGLD ? Buying dips, holding, or waiting for a clearer breakout?
Let me know in the comments! 👇
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