$EGLD
EGLDUSDT
Perp
8.285
+4.27%
The 1-hour chart shows a stable bullish intent. After a healthy round of correction, the price found good support in the 7.90–8.00 support area, with buying strength quickly stepping in. Recent consecutive green candlesticks indicate strong bullish momentum, with prices continuously forming higher lows and re-establishing above the upper bound of the short-term range. This trend suggests that as long as EGLD remains above the key support area (8.10–8.15), the bulls will maintain dominance.
If momentum continues, $EGLD may continue to test the next supply area without resistance. Once support is lost, this structure will be invalidated, making risk management crucial.
Target Levels
Target 1: 8.35
Target 2: 8.60
Stop Loss: 7.88
