The post EGLD Weekly Analysis Feb 15 appeared on BitcoinEthereumNews.com.

EGLD showed horizontal consolidation in the $5.08-$5.37 range with a slight 0.19% weekly decline, without breaking the main downtrend structure. Although the short-term position above EMA20 and MACD positive histogram give bullish signals, the $5.37 resistance forms a critical threshold for a trend reversal. EGLD in the Weekly Market Summary In the multidisciplinary market approach framework, EGLD had a calm week at the $5.26 level. The weekly change was limited to -0.19%, trading volume remained low at $10.45M, and volatility was squeezed in a narrow range ($5.08-$5.37). RSI balanced at 51.66 in the neutral zone, while the MACD histogram indicates positive momentum. However, the overall trend filter is bearish, with the $6.54 main resistance preserving the trend structure. In the macro context, there is no major news flow specific to EGLD; the market is squeezed under Bitcoin dominance and general altcoin rotation. For position traders this week, the key question is whether it’s an accumulation phase or the start of a new distribution – check the link for detailed EGLD spot analysis. Trend Structure and Market Phases Long-Term Trend Analysis In long-term timeframes (1W/1M), EGLD is moving within a clear downtrend. Position below higher timeframe Supertrend and EMA200 confirms the strength of the downtrend. After a 65%+ decline from 2025 highs ($15+), the market structure maintains a lower high/lower low pattern. Trend persistence will not break without a breach of the $6.54 Fibonacci 50% retracement level. In this context, from a market cycle perspective, we may be approaching the end of the contracting phase; however, confirmation is required for a new upward impulse. Portfolio managers should monitor this structure to hedge long-term short positions. Accumulation/Distribution Analysis From a Wyckoff methodology perspective, the current range exhibits accumulation phase characteristics: low-volume horizontal movement, holding at strong support around $5.22, and RSI divergence…

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Filed under: News - @ February 15, 2026 1:29 am