The technical analysis for $EGLD /USDT shown in the image includes the following observations:

1. General Trend:

• The currency is in a clear downtrend for a long period.

• There are attempts to establish new support levels and regain an upward trend.

2. Technical Indicators:

• Stochastic RSI: The indicator shows oversold areas, indicating a potential price rebound soon.

• Boom Pro Indicator: The indicator suggests new “Long” opportunities, supporting the rebound scenario.

3. Critical Levels:

• Support: The current support level is at 22.050 USD.

• Resistance: The first resistance level is at 31.657 USD, followed by a major resistance around 80.000 USD.

4. Expected Scenario:

• If the price holds above the current support level, the pair may rise towards the next resistance at 31.657 USD.

• If this resistance is surpassed, the next target would be the red zone (around 80.000 USD).

5. Suggested Strategy:

• Traders can start buying at current levels with a close stop loss below the current support level.

• Take advantage of small rebounds and sell some portions at resistance to secure partial profits.

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