MultiversX EGLD Price News Today - Technical Analysis Update, Price Now! Elliott Wave Analysis!
1 extracted signal · 1 resolved · 0 still active
More Crypto OnlineIndependent analyst profile- Source published
- 24 Aug 2025, 01:52 UTC
- Recorded by Tahlil Plus
- 18 May 2026, 20:23 UTC
AI-generated source summary
The analysis discusses EGLD/USDT's technical structure, which is deemed weak and still in a downtrend. The current price is holding above the 78.6% retracement level. With a bullish lens, a potential bounce into a resistance area between $21.82 and $41.09 is sketched out, contingent on an initial micro five-wave move to the upside, which is currently absent. A triangle pattern suggests further downside potential. If the price rises it would simply be a B-wave corrective bounce. The analyst identifies additional support levels around $9.18 and $7. A decisive break above $41 would be needed to shift the structure towards a more bullish outlook. If EGLD breaks out above its current trendline, it may enter the resistance area, but that doesn't make it really a bullish setup. At the time, lower lows and lower highs are being printed.
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.