$EGLD /USDT โ Holding Strong After a Push ๐ | Key Levels to Watch
Hey everyone, let's break down
$EGLD /USDT today. The chart shows some interesting action after that recent pump. Hereโs my take:
๐ Quick Stats:
ยท Price: $6.58 | +5.79% ๐
ยท 24h High: $7.56
ยท 24h Low: $6.18
ยท 24h Volume: $6.46M (USDT) | 940K (EGLD)
๐ Technical View:
Currently trading around $6.58,
#EGLD is sitting right between key moving averages:
ยท MA(7): $6.68 (near-term resistance)
ยท MA(25): $6.59 (immediate level)
ยท 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: itโs holding well above the MA(99), which signals the overall trend is still bullish.
๐ฏ Key Levels:
ยท Resistance: $6.68 (MA7) โ then $7.00 โ $7.56 (24h high)
ยท Support: $6.18 (24h low) โ $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+.
๐ญ 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. Iโm watching $6.68 closely โ a clean break could signal the next leg up.
As always in crypto, manage your risk. Stops below $6.18 could make sense if youโre trading short-term.
Whatโs your plan with
$EGLD ? Buying dips, holding, or waiting for a clearer breakout?
Let me know in the comments! ๐
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