Weekly timeframe
Weekly doesn’t look so good. We had a significant sell-off once EGLD failed to break the $65 resistance, and it continues to decline in both price and market cap. There haven’t been significant volumes or buyers stepping in to purchase this coin at the current price, so there’s still high selling pressure in the market.
Daily timeframe
We are nearing the end of the correction, approaching the 1.618 Fibonacci target at $25.
Currently, the price is consolidating, but we might experience some volatility before a change in direction occurs. Once we reclaim the $38 level, our next targets will be $45 and $65, respectively.
