MultiversX (EGLD) is showing signs of indecision! ⚡️📉

EGLD has been hovering around the $26.50 range, and while it has seen some recovery from its June lows, the price action suggests a struggle to break above resistance near $28. The moving averages are providing a clear signal: the 25-day MA is acting as resistance, while the 99-day MA is further up, signaling a longer-term bearish trend still intact.

Volume levels have also remained relatively low, indicating a lack of strong buying momentum. Although the price has stabilized, this consolidation could either lead to a breakout or continue in a range-bound movement. Bulls would need to see a strong push above $28 with increased volume for any potential upside, but for now, the bears seem to have control. 📊
Keep an eye on how EGLD interacts with these levels. It could move quickly if there’s a volume spike, but the current trend suggests caution. 🛑

Stay tuned, subscribe for more analysis, and let’s watch the charts together! 📈🚀

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