- The EGLD token price struggles between the 50-day and 20-day EMA.
- The coin price declines after a 30% growth in a week.
- The pair EGLD/BTC trades at 0.00235 with an intraday gain of 0.13%.
The EGLD token prices rose more than 30% in the past week after finding demand near the $65 mark. The token price seems in preparation to make a symmetrical triangle.
The coin price is facing opposition to rising above the resistance level of $90 as it starts to reverse, and making a lower higher in doing so.
The coin price is trading between the 20-day and 50-day EMA, but it may shortly breach below to make a higher low in the symmetrical triangle.
The EGLD coin price trades at $85.30, with an intraday gain of +0.23% in the market cap within the past 24 hours. Moreover, the coin price has faced a fall of 32.35% in the intraday trading volume.
Elrond’s Blockchain Launches Maiar
Elrond Network recently launched Maiar, its digital wallet, and global payments app.
Maiar, a digital payment app, will offer financial services, including investments, passive income, and payments.
Maiar allows users to create secure, unique accounts by using the Elrond Blockchain. A cryptographic hash of the phone number used to create a new account is required.
Maiar doesn’t require personal information, subscriptions, or paperwork to create a digital wallet. Maiar is also working to implement social recovery. It will allow users to reactivate their wallets using trusted contacts.
New features include abstraction of wrapped EGLD, batch transaction, reinvestment, and consolidation. In addition, you can batch sign multiple transactions, which allows you to do more with fewer interactions.
Example: Providing liquidity involves four transactions: Wrapping $EGLD in the smart contract, sending $1000, the 1st token, and claiming the LP NFT – all in one.
EGLD Token Price Stands Only Cracking EMA Support
The EGLD coin price moves above all the critical EMAs in the 4-hour chart, with all the EMAs moving higher may shortly generate a golden bullish crossover.
As per the pivot points, EGLD token prices may find support at $70 and $55 in case of a downfall. However, if the trend continues, resistance at $95 and $115 may try to knock it back down.
The RSI indicates a rising bearishness as the slope of RSI dips.
The ADX indicator projects a slowly rising trend momentum as the ADX lines trend higher.
CONCLUSION– The EGLD token price may shortly reverse back to form a symmetrical triangle. The launch of the new Maiar DEX may bring a push in bullish pressure that may lead to a bullish price jump.
Support – $70 and $55
Resistance – $95 and $115