$EGLD is showing a clear short-term bearish structure on the 15-minute chart, with price continuing to print lower highs and lower lows after failing to hold recent recovery attempts. The current price is around $2.99, sitting very close to an important support zone near $2.95-$2.97.

What stands out is that sellers have remained in control on most rebounds, while buyers are only managing brief relief bounces rather than sustained momentum. The rejection from the $3.20-$3.25 area reinforced that weakness.

If buyers can defend the current support region, a move back toward the $3.10 resistance area could develop. However, a clean break below support may keep downside pressure intact in the near term.

As always, risk management matters more than prediction. Markets often reward patience more than urgency.

What do you think—will $EGLD hold this support zone or continue its current downtrend?

#EGLD #Crypto #Trading