EGO (EGOUSD) Price Forecast: February 26
The EGOUSD price is likely to grow more and is an opportunity for long-term investors. Having finished the downward correction, the crypto might likely continue its upside move if the current support at $0.0401 value holds, and the daily chart closes above the $0.0474 resistance level. There is a high probability of the price going up to its recent swing high, which is the $0.0650 resistance trend line.
Key Levels:
Resistance Levels: $0.500, $0.6000, $0.7000
Support Levels: $0.3500, $0.3000, $0.2500
EGO (USD) Long-term Trend: Bullish (Daily Chart)
The EGOUSD pair is in a bullish market zone preparing to grow more in its higher time frame, as seen from the chart below. This is an indication of an uptrend.
The bullish reversal at the $0.0448 high value on the 21st of February has sustained the crypto above the trend line in its recent high.
Today, the market price of EGO at the $0.0430 high level which is above the moving averages as the daily chart opens implies that the price is in an uptrend, and from the way it is, the price will grow more. Hence, there is a tendency for the coin to grow more, if the support level holds; this will enable buyers to take the price up to a high of $0.0650 level, providing buyers with the best crypto signal and the next footstep for the higher rally.
Additionally, the momentum indicator pointing upwards suggests the continuation of the bullish trend. This means that the EGOUSD price will grow more and this might hit the $0.7000 supply value in the coming days in its long-term outlook.
EGO (USD) Medium-term Trend: Bullish (4HChart)
The EGOUSD pair is in a bullish market zone preparing to grow more in its medium-term time frame, as seen from the chart below. This is an indication of an uptrend.
The bulls made it to a $0.0418 resistance level during yesterday’s session and sustained it. This made it possible for the price to grow more in its recent high.
Today’s market value of EGO at a $0.0430 supply value above the moving averages as the 4-hourly session opens today affirms the presence of more buyers in the market. This will give the crypto a high tendency to grow more.
In addition to that, with the daily stochastic pointing upwards, we can expect more bullish action, if all the support holds in place. The price of EGOUSD might jump up to the $0.0700 upper high level as it grows more in its medium-term outlook.
Buy EGO on Longhornfx
Leave a Reply