- The EGLD token price grew more than 30% in the past three days.
- The recent bullish crossovers have helped the daily EMAs attain bullish alignment.
- The token pair EGLD/BTC trades at 0.003768 BTC with an intraday gain of +13.40%.
The EGLD token price rose more than 30% in the past three days after finding demand near the 20-days EMA. Thus, the token price seems in preparation to break above the critical resistance level of $200.
The token price trades highly above the 20-day EMA while all the other EMAs rise higher in a bullish alignment with the increased buying pressure. Thus, investors may find the EMAs acting as solid support levels in case of a bearish reversal.
The EGLD coin price trades at $180, with an intraday gain of +15.31% in the market cap within the past 24 hours. Moreover, the coin price has faced a fall of 2.93% in the intraday trading volume.
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 $170 and $150 in case of a downfall. However, if the trend continues, resistance at $200 and $215 may try to knock it back down.
The RSI indicates a rising bullishness as the slope of RSI spikes up.
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 retest the recent bullish breakout. Investors may find entry spots near the dips on the 20-period EMA.
Support – $170 and $150
Resistance – $200 and $215