The post EGLD Technical Analysis Apr 5 appeared on BitcoinEthereumNews.com.

EGLD is trading in a narrow range at the $3.76 level ($3.73-$3.80) and despite being under general downtrend pressure, a positive histogram formation is observed on MACD. With RSI at 39.59 close to oversold, critical breakouts for both scenarios will be decisive; monitor $3.7775 above and $3.7250 below. Current Market Situation EGLD is trading at the $3.76 level with a 0.40% rise in the last 24 hours, but the overall trend maintains its downtrend character. The price remains below EMA20 ($3.90) and is giving short-term bearish signals. RSI at 39.59 is in the neutral-bearish zone, approaching oversold, while the MACD indicator shows a positive histogram divergence as a bullish momentum signal. The Supertrend indicator continues to produce bearish signals and is positioned as strong resistance at $4.33. Volume is low at $2.60M, with limited volatility. In multi-timeframe (MTF) analysis, 5 strong levels were identified across 1D, 3D, and 1W timeframes: 2 supports/2 resistances on 1D, 1 support on 3D, 1 support/2 resistances on 1W. This structure indicates that the price is in a consolidation phase and will determine a clear direction based on the breakout direction. Critical supports stand out at $3.6200 (score 80/100) and $3.7250 (64/100), while resistances are at $3.7775 (67/100) and $6.0549 (63/100). Scenario 1: Bullish Scenario How Does This Scenario Occur? For the bullish scenario, a clear break and close above the $3.7775 resistance (score 67/100) is first required. This breakout could provide momentum toward the short-term EMA20 ($3.90) level. Expansion of the positive MACD histogram and RSI crossing above 50 is expected to increase momentum. The Supertrend indicator flipping to bullish (before testing $4.33 resistance) provides additional confirmation. A significant volume increase and green candle formation on the 1D timeframe strengthen this scenario. For movement toward 1W resistances (around $6.05) in MTF, holding the 3D…

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Filed under: News - @ April 5, 2026 1:17 am