$EGL1 is trading at $0.01803, up 0.85%, showing early signs of stabilization after a steady pullback. Market cap stands at $18.03M with equal FDV, backed by $774K in on-chain liquidity and a strong holder base of 55,530 addresses, highlighting solid community presence.

On the daily chart, price has declined from the $0.0212 area and recently printed a local bottom near $0.0170. EGL1 is now hovering just above the lower Bollinger band at $0.01731, while the mid-band sits at $0.01795, acting as the first pivot zone. The upper Bollinger band near $0.01859 is the immediate breakout level to watch.

Support is clearly defined at $0.0170–$0.0168. As long as this zone holds, a rebound toward $0.0186 and $0.0207 remains possible. Failure to hold support could trigger another leg down.

EGL1 is at a critical compression point. A volatility expansion is likely, and the next breakout or breakdown will define the short-term trend.

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