🚨$EGLD EGLD/USDT ALERT: EXPLOSIVE BREAKOUT IN ACTION! 🚨
Elrond ($EGLD) is climbing higher, now trading at $55.32, marking an impressive +11.40% gain in the last 24 hours! This unstoppable rally shows no signs of slowing down as it approaches key resistance levels.
Key Levels to Watch:
Immediate Resistance: $55.66 – A breakout above this level could signal a continuation towards $57.50 and potentially $60.00.
Strong Support: $44.84 – Holding above this support ensures sustained bullish momentum.
Momentum Indicators:
📈 The RSI indicates overbought conditions, but strong buying pressure suggests more upside potential.
💡 Volume Surge: High trading activity points to sustained interest and confidence in $EGLD.
Trade Setup:
Long Entry: Above $55.66
Targets: $57.50, $60.00, $62.50
Stop Loss: $53.00
Short Entry: Below $53.00
Targets: $50.00, $48.00, $44.84
Stop Loss: $55.00
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What’s Driving EGLD?
Elrond’s recent updates and ecosystem growth have sparked investor confidence, fueling its impressive run. The bullish sentiment across the broader crypto market is also contributing to this rally.
Will EGLD continue to surge past $60, or will sellers take control? Keep a close eye on the chart for the next big move!