Got it — $EGLD /USDC This one’s quietly heavy, not dramatic, but telling 👇

What’s happening

$EGLD failed hard near 6.05–6.10, then rolled over.

Price is now below MA(7), MA(25), and MA(99) → clean bearish alignment.

The drop to 5.85 was a liquidity sweep, followed by a mild reaction.

Current price (~5.88) is a weak bounce, not strength yet.

Volume

Spike on the sell-off = real distribution.

Bounce volume is lighter → buyers are defending, not attacking.

Key levels

Support: 5.85 (last line for bulls)

If lost: next demand sits at 5.70–5.65

Resistance: 5.95 → 6.00 (major rejection zone)

Bias

Below 6.00, $EGLD stays bearish-to-range.

Holding 5.85 could form a base, but confirmation is needed.

Only a reclaim of 6.00 with volume flips structure bullish again.

This is a fade-the-bounce market until proven otherwise.

Patience beats prediction here. 🧠📉