MultiversX ($EGLD ) is exhibiting bearish indications, characterized by the formation of an M pattern. This pattern can also be interpreted as an inverse cup and handle formation. However, confirmation of the bearish move requires a breakdown below the critical support level at 17.77 USD. If this breakdown occurs, it may pave the way for further downside targets at 9.40 USD and 5.86 USD.

:Remember to exercise prudent risk management when considering any trading decisions. 📉🚀#EGLDFinally #EGLD/USDT #EGLDUSDT #Write2Earn!