โ ๏ธ๐ ALERT: $EGLD RECOVERY IN PROGRESS โ WATCH FOR KEY RESISTANCE! ๐โ ๏ธ
The EGLD/USDT pair is showing signs of a rebound after hitting a low at 21.48, now trading at 22.97. This movement suggests that EGLD may attempt to break through critical resistance levels, paving the way for a potential reversal. Hereโs what to watch for as EGLD navigates these key levels.
๐ก Key Levels to Watch NOW: ๐ก
๐ง Resistance Level: 24.45 โ A breakout above this level could confirm a bullish reversal, attracting more buyers and potentially pushing EGLD into an uptrend.
๐ Support Level: 21.48 โ This low serves as essential support. Falling below it could reignite selling pressure, potentially driving EGLD lower.
๐ฏ Target 1: 23.50 โ An initial target if EGLD continues to rise, showing strength and building momentum.
๐ฏ Target 2: 25.00 โ A key resistance zone, signaling a more significant recovery if EGLD can sustain above this level.
๐ฏ Target 3: 26.50 โ A strong bullish target, marking a substantial recovery and reinforcing the reversal if reached.
๐ CRITICAL MOMENT โ WHAT'S NEXT? ๐ฎ
โ ๏ธ Potential Downside: Failure to break above 24.45 may result in a retest of the 21.48 support level, potentially leading to a downward move if this support fails.
๐ Upside Breakout Potential: A successful move above 24.45 could drive EGLD toward the outlined targets, indicating a stronger bullish momentum. Stay alert โ EGLD is positioned for a possible breakout!
