The post EGLD Technical Analysis Feb 10 appeared on BitcoinEthereumNews.com.

EGLD’s 24-hour trading volume has declined to 6.53 million dollars, showing low participation; this indicates that seller pressure is weakening in the downtrend and signaling potential accumulation. Market sentiment is anxious with the volume decrease but increasing interest at support levels offers hope. Volume Profile and Market Participation EGLD’s current volume profile stands out with a 24-hour trading volume of 6.53 million dollars. This level is significantly below the 7-day average volume (approximately 15-20 million dollars), indicating a clear decrease in market participation. While the price has declined by 1.97% in the downtrend, the low volume suggests that sellers are not aggressive and the broader public is not joining the selling. In the volume profile, volume nodes (POC – Point of Control) are concentrated at low levels in the region where the price remains below EMA20 ($5.04); this suggests that the $4.39-$4.50 range is a liquidity collection zone. For a healthy volume profile, an increase in volume is expected during upward movements; the current low volume may indicate consolidation or base formation. In terms of market participation, the picture shows retail investors waiting on the sidelines while large players quietly build positions. With RSI at 38.40 approaching oversold, this volume calm could pave the way for a sudden recovery. Accumulation or Distribution? Accumulation Signals Accumulation signals stand out with volume decreasing during declines. While the price tests the $4.50 resistance, volume remains low, indicating that sellers are starting to exhaust. In the MTF (Multi-Timeframe) volume context, 8 strong levels have been identified across 1D, 3D, and 1W timeframes: a balanced distribution of 3 supports (S) and 4 resistances (R), but volume increases are observed at $4.0664-$4.3942 supports. These levels (scores: 60-72/100) provide clues that institutional buyers are accumulating at low prices. Volume divergence: Price makes lower lows while volume is…

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Filed under: News - @ February 11, 2026 12:09 am