$EGLD The price of EGLD/USDT has been on a downward trend recently, and the current price is around $34.46. It is difficult to predict the exact price movement in the next few days, but there are a few factors that could influence it.
Technical indicators suggest that the price could continue to decline in the short term. The Relative Strength Index (RSI) is currently below 50, which indicates that the asset is oversold. The Moving Average Convergence Divergence (MACD) is also below the zero line, which is another bearish signal.
However, there are also some bullish factors to consider. The price has recently bounced off the 20-day moving average, which could be a sign that a rebound is imminent. The volume has also been increasing in recent days, which could be another positive sign.
Ultimately, the direction of EGLD/USDT in the next few days will depend on a number of factors, including global economic conditions, the cryptocurrency market as a whole, and the specific news and events related to EGLD. It is important to do your own research and analysis before making any investment decisions.