EGLDBTC
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$EGLD Short Liquidation: A Shocking $7.6119K at $46.105!
The $EGLD market just delivered an explosive move — $7.6119K worth of short positions liquidated at a staggering price of $46.105! The market is roaring, and traders are feeling the heat.
Who predicted this surge, and who got trapped in the downward spiral?
The volatility is off the charts, and the short squeeze is real.
Fasten your seatbelts, this could just be the beginning of a wild ride.
Stay sharp, the market doesn’t wait for anyone!
#EGLDBTC
#RLUSDApprovalBoostXRP
#BinanceListsVelodrome
#CryptoUsersHit18M
#BinanceListsVelodrome
The $EGLD market just delivered an explosive move — $7.6119K worth of short positions liquidated at a staggering price of $46.105! The market is roaring, and traders are feeling the heat.
Who predicted this surge, and who got trapped in the downward spiral?
The volatility is off the charts, and the short squeeze is real.
Fasten your seatbelts, this could just be the beginning of a wild ride.
Stay sharp, the market doesn’t wait for anyone!
#EGLDBTC
#RLUSDApprovalBoostXRP
#BinanceListsVelodrome
#CryptoUsersHit18M
#BinanceListsVelodrome
EGLD/USDT Technical Analysis: Key Indicators and Price Levels
$EGLD
EGLD
53.61
+5.05%
EGLDUSDT
Perp
53.854
+5.97%
Overall Analysis
Current Price
Price Level: Approximately $55.55
Moving Average
MA200: The price is well above the MA200 at $32.65, indicating a strong bullish trend.
Indicators
RSI: At 74.95, the RSI indicates overbought conditions, suggesting potential for a pullback.
MACD: The MACD shows a positive histogram, supporting ongoing bullish momentum.
Volume: High at 126.753K, reflects strong market interest in the current movement.
Key Levels
Resistance: The recent high around $56.59 could act as resistance.
Support: Near $50.00, with stronger support at the MA200 around $32.65.
Pattern Analysis
The EGLD/USDT chart shows a significant upward movement after breaking past previous resistance levels, indicating strong bullish sentiment.
Bullish Scenario
If the price breaks and sustains above $56.59, it could confirm continued bullish momentum, potentially targeting higher psychological levels like $60.00.
Bearish Scenario
A pullback could occur if overbought conditions persist, with potential support around $50.00 or even toward the MA200 at $32.65.
EGLD/USDT is showing strong bullish momentum, but caution is advised due to overbought RSI levels. Monitoring key resistance and support levels will be crucial for anticipating future price movements.
#EGLDBTC
$EGLD
EGLD
53.61
+5.05%
EGLDUSDT
Perp
53.854
+5.97%
Overall Analysis
Current Price
Price Level: Approximately $55.55
Moving Average
MA200: The price is well above the MA200 at $32.65, indicating a strong bullish trend.
Indicators
RSI: At 74.95, the RSI indicates overbought conditions, suggesting potential for a pullback.
MACD: The MACD shows a positive histogram, supporting ongoing bullish momentum.
Volume: High at 126.753K, reflects strong market interest in the current movement.
Key Levels
Resistance: The recent high around $56.59 could act as resistance.
Support: Near $50.00, with stronger support at the MA200 around $32.65.
Pattern Analysis
The EGLD/USDT chart shows a significant upward movement after breaking past previous resistance levels, indicating strong bullish sentiment.
Bullish Scenario
If the price breaks and sustains above $56.59, it could confirm continued bullish momentum, potentially targeting higher psychological levels like $60.00.
Bearish Scenario
A pullback could occur if overbought conditions persist, with potential support around $50.00 or even toward the MA200 at $32.65.
EGLD/USDT is showing strong bullish momentum, but caution is advised due to overbought RSI levels. Monitoring key resistance and support levels will be crucial for anticipating future price movements.
#EGLDBTC