#EGLDUSDT
1. Price is Falling
The price is going down for many days.
It was around 10+ USDT, and now it is 7.23 USDT.
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2. Trend is Bearish (Downtrend)
All moving averages (MA 7, 25, 99) are above the price, which means the market is moving down.
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3. No Strong Buying
Volume (trading activity) is low.
This shows buyers are weak and sellers are still stronger.
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4. Support & Resistance
Support: around 7.00 – 6.80
Resistance: around 8.10 – 8.90
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5. Overall Condition
Market is weak
Price is continuing to fall
No sign of trend change yet
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⭐ Simple Summary
The chart is bearish. The price is falling, buyers are weak, and the market has not shown any recovery signal yet.
