$EGLD Bullish Outlook: Targeting $38 to $45 Next Week

EGLD has shown strong bullish momentum, recently bouncing off key support around $30 and reclaiming the $35 level. With higher highs and higher lows forming, the token appears poised to hit $38 in the short term. If it breaks this resistance, it could move towards $45, where further resistance awaits.

Technical indicators like the RSI and MACD are still supportive of upward movement, and the Elrond network’s developments continue to attract attention. A favorable broader market sentiment adds to the bullish outlook. Watch for a potential breakout at $38, with $45 as the next key target in the coming week.