🚀 $EGLD

/USDT Technical Analysis: Price Action & Key Targets 🎯

As EGLD continues to show volatility, let's dive into the key levels to watch for in the coming hours and days.

📊 Current Price: $27.72

24h High: $28.90

24h Low: $27.34

Volume: 8.20M USDT

Key Support & Resistance Levels:

1. Target 1: $28.20 (Resistance Zone)

The price is approaching key resistance at $28.20. If EGLD manages to break above this level, we could see a test of the $28.90 high.

2. Target 2: $27.00 (Support Zone)

The $27.00 mark is a solid support area. A bounce from this level could provide a good buying opportunity as we anticipate potential upside movement.

3. Target 3: $29.50 (Next Major Resistance)

If EGLD continues its upward momentum past $28.90, $29.50 will be the next major resistance. Traders should keep an eye on price action for potential breakout signals.

⚡ Watch Out for:

The market is currently experiencing a slight downtrend of -0.96% in the 24h timeframe, and we might see further consolidation before the next major move.

Keep an eye on trading volume and price reaction at these critical levels!

👉 Stay tuned and make sure you're prepared for possible moves! As always, risk management is key when trading!

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