E G L D 👇
MultiversX Price Prediction: Elrond EGLD coin has made a major move! After 16 months in a falling wedge pattern, a 40% single-day surge breaks out, signaling a potential trend reversal.
🐂 Is the Recovery Trend Here to Stay? The falling wedge pattern suggests a shift in sentiment and weakening bearish momentum.
💰 Resistance at $50 is expected, but upswings may target $54, $64, and $70 with sustained buying.
📉 Could EGLD Price Dip? $50 resistance might lead to a brief retracement. Key support levels: $46, $41.6, and the secure zone at $38 (50% Fibonacci level).
🚀 Bullish Signs:
- Bollinger Bands show strong buying momentum.
- RSI at an overbought 90% signals a potential minor pullback.
Keep an eye on Elrond's EGLD as it navigates this exciting phase!
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