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EGLD Could Break Above $28 Soon as Technical Indicators Align 3m ago by

Crypto Tony, a trader and analyst, predicted that EGLD’s price may drop briefly before entering into a leg up.

In his X post, the analyst highlighted $25.81 as a key level to watch in the next few days.

Meanwhile, a significant bullish technical flag was on the verge of being triggered on EGLD’s daily chart.

The cryptocurrency trader and analyst Crypto Tony shared in an X post earlier today that he anticipates a brief dip in the price of MultiversX (EGLD) to retest a key support level at $25.81. Thereafter, he predicted that there may be a sharp buyback, triggering a long position. 

$EGLD / $USD – Update

Another play i am sharing here with you all. Looking for that dip down into support and sharp buyback, for a long trigger

— Crypto Tony (@CryptoTony__) September 17, 2023

Meanwhile, CoinMarketCap indicated that EGLD’s price had risen 3.88% over the past 24 hours. As a result, the cryptocurrency was valued at $26.04 at press time. This latest increase also added to EGLD’s positive weekly streak. Subsequently, the altcoin’s price was up 8.70% over the past 7 days as well.

Daily chart for EGLD/USDT (Source: TradingVi…

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