๐Get ready for a potential breakout with #EGLDUSDT as it nears the upper boundary of its descending channel. Currently testing the upper limits at a crucial support of $35.15, there's a robust chance for #EGLD to smash through the channel, powered by the momentum it has built up.
๐If #MultiversX stumbles and does not sustain the push from the $35.15 level, descending below, it may signal an ongoing bearish phase, leading to the next vital demand zone at $32.91. This level is well-known for its dynamic bullish recoveries, supported by substantial liquidity.
๐If EGLD revisits this zone, itโs imperative for the price to firmly rebound to preserve the support. Failure to achieve this could boost bearish forces, sour market sentiment, and potentially prompt a steeper price fall.
๐Keep your strategies nimble and your vigilance high, Paradisers. Your ParadiseTeam is closely monitoring and ready to guide you through the evolving dynamics of the #MultiversX market.