EGLD

EGLD is trading in a range around $31 and is up 7% intraday, trying to stay above its 20-day EMA mark and looking to rebound.

The coin has been in a downward channel and has seen profit-taking in the past few trading days. Investors have been closing their positions due to the bearish rebound in the market, causing the stock price to fall by more than 25% in the last month.

The EGLD token is about to rise and may soon reach the $50 mark.

In terms of market capitalization, it ranks 78th with a total supply of $27.14 million. Moreover, it has a market cap of $866.73 million, while the volume-to-market cap ratio is 0.0848.

The long-term bullish outlook is optimistic with a price target of $45 and $50 in the coming trading days.

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