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! #crypto2023 #egld #cryptocurrency #BTC #bitcoin