EGLD Bull Trend, Supernova Hype & Crazy 48h

[HarryYTK]

 EGL1 has turned bullish on the daily chart. Because of this, it’s best to wait for price to pull back into a daily demand area. Once that demand is tapped and the lower-timeframe structure aligns bullishly, we can look for buys targeting the previous highs. Sentiment is mixed, but attention is on the Supernova upgrade, which is currently in governance voting and could act as a strong catalyst if successful.

 

On the 4-hour chart, there is an untested supply area. Price may react quickly around this level, offering a short-term buying opportunity that aligns with the overall daily bullish trend. Alternatively, you can take advantage of Bitget’s Crazy48h campaign to trade EGLD and share BGB, where only a small trading volume is needed to qualify for the leaderboards.