EGLD/USDTEGLD price chart is currently seating on top of the support area from May - Jul of 2021while RSI is also at the oversold territory. I am hoping for a trend reversal which might bring its price to the previous resistance at $100. On the other hand, the downtrend continues might continue as the Fear and Greed Index of the crypto market is very low at 13 which is Extreme Fear. In this case, we might be able to see the price of EGLD at $55 level.
Disclaimer:
1. My analysis is only based on my opinion and not a financial advise.
2. I am holding EGLD as part of my portfolio.
