- The EGO crypto price has decreased by 38.72% during the monthly trading session.
- Technical indicators’ summary reflects neutrality in the current phase.
- The all-time high price level of EGO stands at the $0.1316 level.
Paysenger (EGO) offers services such as content monetization and audience engagement to content creators, fans, and brands. It is a collaboration platform that uses state-of-the-art technology and proprietary Al. Users can consume paid content on a subscription basis and send authors paid requests for exclusive content, tips, or expert opinions. The platform aims to bridge the gap between Web2 and Web3 technology.
EGO Six-month Performance, Supply Changes, & Valuation
A positive change happened in the EGO crypto price in October 2023. The cryptocurrency experienced bullish engagements from the $0.0184 level. It reflected multiple upsurges for three consecutive months and recorded an almost 200% bullish run combined.
January 2024 faced a short bullish correction period and recorded 6.98% negative returns. The end of a shortfall and a correction period always bring opportunities for market observers and traders. They surged the price by over 35% in February and 60% in March 2024.
The maximum supply of cryptocurrency is capped at 323 million. The current circulation supply of EGO tokens is at 56.60 million, with a market capitalization of $3.42 million. The total diluted valuation of this platform is estimated at around $19.50 million. 24-hour trading volume reached $3.70 million, with a decline of 25.97%.
Technical Analysis of the Paysenger (EGO) Price
The current price slipped between the key exponential moving averages, reflecting uncertainty in the trend. The bullish trend continuation can be expected if the price rebounds the 50-day EMA.
EGO price made an impulsive bullish move from the $0.0447 bullish point of interest (POI). Afterward, the price moved to the $0.1347 resistance level, and an opposing movement was made to the $0.0564 demand zone. In recent sessions, the crypto price formed three bullish candles from the $0.0564 demand zone. EGO price can reach the $0.0936 level if the price closes above the $0.0757 level.
Furthermore, the relative strength index (RSI) shows weakening bearish momentum. Both RSI and the signal lines had a golden crossover, indicating a shift in strength. The RSI is moving at 41.98 above the signal line.
Summary
Since December 2023, the EGO crypto price has been performing with strong bullish sentiments. The crypto delivered over 170% positive returns in the last six months. The moving averages show bearish signals, while the oscillators reflect bullish signals in the current phase.
The current crypto price trades at $0.0662, hovering above the $0.0564 demand zone. EGO price can reach the $0.0936 level if the price closes above the $0.0757 level as per the market technicals.
Technical Levels
- Resistance Levels: $0.0757 and $0.0936
- Support Levels: $0.0564 and $0.0447
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.