The MultiversX (EGLD) token has rebounded from its demand zone at $23, suggesting a potential rescue in the coming sessions. Investors are optimistic about EGLD's price after positive sessions, although funding rate and open interest data indicate some skepticism. Traders are looking for a push above $30 for an upswing, but the price action has been influenced by bearish momentum. Despite bouncing from the support line at $25 and a surge of over 4% in the last 24 hours, buyers still need to gain momentum for an upswing. The Chaikin Money Flow and MACD indicators show increased capital inflows and buyer accumulation, but the RSI line remains neutral. The weighted sentiment data and social dominance curve show increased optimism and buzz among investors. The OI-weighted funding rate is positive, indicating a bullish outlook, and the Futures Open Interest has seen fresh long additions. If EGLD moves above the 20-day EMA level, it could reach $30 and $35 in the future, but it may retrace towards the $23 mark if it remains below the EMA level.



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