$EGL1 DAILY MARKET SNAPSHOT
EGL1 s trading at $0.01794, up +0.42%, stabilizing after a prolonged downtrend. Market cap and FDV are both $17.94M, backed by $771.8K in on-chain liquidity and a strong holder base of 55,540 wallets.
Price is still below key moving averages, confirming bearish pressure: MA(7): 0.01785
MA(25): 0.01856
MA(99): 0.02926
However, price is holding firmly above the critical $0.0170 support zone, forming a tight base with declining sell volume. This compression near support often precedes a sharp directional move.
Key levels: Support: $0.0170
Resistance: $0.0186 – $0.0211
Break and hold above $0.021 could trigger a trend reversal toward $0.025+
EGL1 is at a make-or-break zone. Defend support and upside momentum can ignite fast. Lose it, and the downtrend extends. Volume confirmation is the key signal to watch.
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