EGO (EGOUSD) Price Forecast: March 28
EGOUSD‘s market price is in favor of the bulls at the moment. The coin price will rise further above the current value at the $0.0933 supply value if buyers exert more force into the price action in the market. Should buying pressure persist, and the bulls close the hourly chart above the $0.1350 previous high mark, the ongoing recovery could lead the market price to remain stable at the upside and stop any further bearish moves.
Key Levels:
Resistance Levels: $0.0930, $0.0940, $0.0950
Support Levels: $0.0660, $0.0550, $0.0440
EGO (USD) Long-term Trend: Bullish (Daily Chart)
The EGOUSD pair is rising and will rise further as we can The EGOUSD pair is rising and will rise further as we can see prices rising against downward forces above the supply levels in its higher time frame.
The sustained bullish pressure at the $0.1350 high value in the past few days has made the crypto price rise further in its recent high.
After completing the lows at the $0.0859 level, the bulls made a pullback and caused a rise to the $0.0933 resistance level above the EMA-50 as the daily chart opens today. This indicates that the traders are actively buying at this level.
Hence, should the bulls increase their buying motives, the price of EGO will rise further to hit the previous high of $0.1350 value, offering a good entry for the coin buyers.
Hence, the market is approaching the oversold region; this means that the bulls may take over the EGOUSD market soon to move the price up to a significant level on the upside and this might rise further to the $0.1400 supply trend mark soon in its higher time frame. see prices rising against downward forces above the supply levels in its higher time frame.
The sustained bullish pressure at the $0.1350 high value in the past few days has made the crypto price rise further in its recent high.
After completing the lows at the $0.0859 level, the bulls made a pullback and caused a rise to the $0.0933 resistance level above the EMA-50 as the daily chart opens today. This indicates that the traders are actively buying at this level.
Hence, should the bulls increase their buying motives, the price of EGO will rise further to hit the previous high of $0.1350 value, offering a good entry for the coin buyers.
Hence, the market is approaching the oversold region; this means that the bulls may take over the EGOUSD market soon to move the price up to a significant level on the upside and this might rise further to the $0.1400 supply trend mark soon in its higher time frame.
EGO (USD) Medium-term Trend: Bearish (4HChart)
The EGOUSD market also indicates that the pair will rise further in its medium-term outlook. The price action is seen facing the resistance line below the moving average line which confirms its bearish trend.
The sustained bearish pressure at the $0.0878 support level in the past session has made the coin price stay below the supply trend levels in its recent price level.
The bulls could not relent anyway, so, the price movement after dropping to a $0.0885 low level shortly after today’s 4-hourly session opening, rose further to a $0.0933 high level. This shows that the price action is rising against the downward forces and will rise further.
Additionally, the coin price is in an uptrend on the daily signal, if buyers should intensify their efforts, the price of EGOUSD might rise further above the $0.1350 previous highest level and this may extend to a $0.1400 high mark soon in its medium-term time frame.
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