MultiversX's EGLD crypto is currently trading near resistance levels between $25 and $30. To initiate a bullish reversal, it needs to surpass the $30 mark. The recent rebound from $22 has led to hopes of a bullish trend, with technical indicators suggesting a possible trend reversal ahead. However, EGLD has been trading in a falling wedge pattern with downward pressure. Despite this, a triple bottom formation indicates the potential for a short-term reversal. The token must gain more traction to break the descending trendline barrier at $30. A recent three-day bullish streak accompanied by increased volume suggests a bullish trend. At the time of writing, EGLD was trading at $26.88 with a market cap of $736.79 million as the 90th largest cryptocurrency. CryptoBull predicts a 20-25% rise if EGLD closes above $30. The altcoin's accumulation at lower levels shows demand, and technical indicators such as the RSI signal buying pressure. The Sharpe Ratio is positive, indicating favorable market conditions for buying. Futures Open Interest has also surged, indicating investor confidence in the altcoin's direction. The immediate support levels are $23 and $20, with resistance at $29 and $32.



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