$EGLD / USDT ANALYSIS

EGLD is in a downtrend within a descending channel, showing bearish momentum. Key support is around $21.54, with resistance zones at $28.22–$28.36 and $78.61. The Stochastic Oscillator suggests it’s oversold, possibly leading to a short-term bounce. However, a true reversal would require a breakout above the descending channel and resistance zones; otherwise, the downtrend is likely to continue toward support levels.

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