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Multiversx

Hatom (HTM) - Promising small-cap crypto for yield in DeFiHatom (HTM) shows notable strength in the daily chart after breaking out from the 30-day exponential moving average (1D 30EMA) on August 19. What acted as a strong resistance from March to August (testing twice in the meantime) can now become strong price support moving forward - currently at ~$0.89 (the 30EMA). The daily RSI also displays a strong uptrending momentum, at 62.77 by post time. Fundamentally speaking, Hatom Protocol is one of the most solid and promising DeFi protocols I have found and experienced using in crypto. Hatom Labs, the core developer, is setting solid new standards by the way they do business (multiple tests, plenty of security audits, no rush to launch or make announcements, not trying to induce FOMO with marketing gimmicks, etc.) They have recently made the 9th protocol update after one year of launch and this is another aspect I like about the project: Hatom Lab's communication strategy - clear of noise. They reserve their comms for relevant announcements only, as security is their north star. The recent announcement (which can be found on X @HatomProtocol) revealed some really exciting features ahead for yield farming/generation through liquidity, lending, and booster operations. They are also launching a decentralized overcollateralized stablecoin called USH to compete with Sky's (formerly MakerDAO) DAI. Which, in my opinion, is very much needed and appreciated. We need more of these solid decentralized stablecoins around. I'm invested in HTM for the mid- to long-term, but I also think that, right now, the token offers a good long opportunity, so I'm also longing it for the short-term, eyeing the ATH at a first target. It's important to note that Hatom is a small-cap crypto, so beware of all the risks that come with this kind of asset. It runs on the MultiversX (EGLD) chain, but are also planning to expand to other chains. Can buy via the xExchange DEX and long on AshPerp.
Long
by vinibarbosa
MultiversX (EGLD) fake bullish breakout, now seeks supportIt was a fake breakout, afterall. On September 28, I spotted a potential bullish breakout on CRYPTO:EGLDUSD - which ended up being a bull trap, sending the prices downwards. Right now, a two-month uptrend line is seeking support. It had a brief deviation in the form of a daily wick, unclosed. Again, this reflects the dominating bearish sentiment I see in my timeline, with bears getting very greedy. A breakout downward would intensify the negative sentiment and potentially fuel some panic selling. Resist, and we remain on the same page. Fundamentals are stronger than ever despite the PA, so I remain bullish in higher time frames. Lower time frames are uncertain.
CRYPTO:EGLDUSD
by vinibarbosa
MultiversX (EGLD) breaks out of a six-month downtrendMultiversX (EGLD) is breaking out of a six-month downtrend, with three subsequent lower highs since its $77.9 peak in March. The breakout occurred on September 27 and EGLDUSD now tests the R/S downtrend line in what could be a corrective move before the confirmation and bounce up. I'm looking at the daily chart here, looking for a mid-term trend shift validation. However, lower time frames, like the 4-hour chart, already hint of a successful break out, with the line holding strong after some testings. Here is what we see when zooming in: -ERROR UPLOADING IMAGE- Inside the downtrend formation, EGLD started a shortish-term uptrend, making higher lows until the higher time frame breakout. Then, it tested the downtrend line as support in four 4-hour candlesticks. Giving strength to the move. Validation here is a daily close above the line. I'll then target the S/R ZONE between $37 and $48. Play safe! - Despite the price action, MultiversX is one of the most-solid cryptocurrencies from a fundamental perspective. It has one of the most scalable infrastructures through sharding, being the first to fully implement sharding in a battle-tested environment. The chain has 100% uptime and very high security standards, like using native assets and implementing Guardian for a 2FA onchain extra security. The token, eGold (EGLD), has a fixed maximum supply of 31.4 million, with a fully dilution schedule by 2030. However, it can be even lower, as fees can replace emission if the chain is used enough. DYOR.
CRYPTO:EGLDUSDLong
by vinibarbosa
#EGLDUSDT #1D (ByBit) Big falling wedge breakoutMultiversX (f.k.a. Elrond eGold) looks good for bullish continuation on daily after regaining 50MA support, road to 200MA resistance seems next. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.0% Current Price: 35.91 Entry Targets: 1) 34.56 Take-Profit Targets: 1) 48.29 Stop Targets: 1) 27.68 Published By: @Zblaba CRYPTOCAP:EGLD BYBIT:EGLDUSDT.P #1D #Elrond #eGold #MultiversX multiversx.com Risk/Reward= 1:2.0 Expected Profit= +79.5% Possible Loss= -39.8% Estimated Gaintime= 1-2 months
Long
by TradingOn
2
MultiversX (EGLD) Falling Wedge AlertMultiversX is showing a classic falling wedge pattern on the daily chart, a bullish reversal setup that suggests a potential breakout to the upside. Over the next year, swing targets point towards the previous all-time high (ATH) range of $500-$600, offering a long-term bullish opportunity for traders. Key Technical Highlights: Pattern: Falling Wedge (Bullish) Current Price: ~$25-$30 Breakout Target: $80-$120 (Initial swing target based on wedge height) Long-Term Target: $500-$600 (Previous ATH from 2021) Time Frame: 12 months (swing trade target) Why this setup looks strong: Converging Price Action: Price action is tightening, with lower highs and lower lows inside the wedge, suggesting that a breakout is likely imminent. Volume Decline: A typical feature of falling wedges is decreasing volume, indicating consolidation before a potential breakout. RSI Divergence: RSI shows bullish divergence, adding strength to the argument that sellers are losing momentum. Strategy: Entry: Consider entering on a confirmed breakout above $35-$40 with strong volume. Stop Loss: Set below $20 for risk management in case of a failed breakout. Targets: Short-term: $80-$120 (based on wedge height) Long-term: $500-$600 (previous ATH in late 2021) This setup presents a promising risk/reward ratio for long-term investors looking to swing trade MultiversX. Keep an eye on key breakout levels and confirmation signals. This is not financial advice. Always perform your own research and trade responsibly.
CRYPTO:EGLDUSDLong
by STP_MrNodeItAll
MultiversX (EGLD) potential long at falling wedge breakoutMultiversX ( EGLD CRYPTO:EGLDUSD ) currently has a FALLING WEDGE chart pattern testing the lower-highs downtrend again amid a surging bullish sentiment in the crypto and stock markets following Jerome Powell's dovish speech at the Jackson Hole Symposium. I believe there is a short-term long-position opportunity if the bullish momentum sustains with enough volume and EGLD breakout from this pattern. Falling Wedge is a pattern with historically 70% bullish outcomes in finance markets. The swing trade targets the region between $42 (currently marked by the 365-day exponential moving average) and $51, an area of high short-selling liquidity. Potential returns from the breakout can go up to 50%. There is potential support at $29, marked by the 30-day EMA, but also at $28 and $25, at key levels with relevant buying pressure. The community has been pushing an #EGLDSqueeze movement on X that appears to be gaining traction. I've also been positioning myself in the project with a long-term goal, and I believe MultiversX has one of the most solid fundamentals in the cryptocurrency market today. It is the first blockchain to fully implement the sharding technology. As a pioneer, the chain benefits from battle-tested scalability, among other innovative developments, like on-chain two-factor authentication (2FA). The network has one of the largest validator’s node counts among its competitors, only closely losing to Ethereum (ETH). Additionally, the coin has a maximum supply of 31 million EGLD that transaction fees can replace as its usage increases. NFA.
CRYPTO:EGLDUSDLong
by vinibarbosa
EGLD/USDT Preparing for an Explosive Breakout | Positive Signs👀💎Get ready for a potential breakout with #EGLDUSDT as it nears the upper boundary of its descending channel. Currently testing the upper limits at a crucial support of $35.15, there's a robust chance for #EGLD to smash through the channel, powered by the momentum it has built up. 💎If #MultiversX stumbles and does not sustain the push from the $35.15 level, descending below, it may signal an ongoing bearish phase, leading to the next vital demand zone at $32.91. This level is well-known for its dynamic bullish recoveries, supported by substantial liquidity. 💎If CRYPTOCAP:EGLD revisits this zone, it’s imperative for the price to firmly rebound to preserve the support. Failure to achieve this could boost bearish forces, sour market sentiment, and potentially prompt a steeper price fall. 💎Keep your strategies nimble and your vigilance high, Paradisers. Your ParadiseTeam is closely monitoring and ready to guide you through the evolving dynamics of the #MultiversX market. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
EGLD: The Sleeping GiantMultiversX has been in a bearish trend since late 2021. but I think the bearish trend ended after the price passed the red supply zone in early 2024. If the counting is accurate and the volume of EGLD/USDT increases I expect it to see a new all time high in the future. On the low time frames I see a golden opportunity to enter it @ $30 with a stoploss below $21 (the bottom of the wave 1). The EGLD's Market Cap and the EGLD/BTC charts look very bullish too in my opinion so if you're interested in this coin & have done your research, you should consider it as a part of your portfolio. About the coin: MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost.
CRYPTO:EGLDUSDLong
by MohamedSewid
EGLD inside a Wave 2, Y wave.Hi everyone! The CRYPTOCAP:EGLD price has breached the 61.8% Fibonacci level. It has just reached the entry point of the M neckline (green zone), which serves as a support area. In my opinion, at some point, CRYPTOCAP:EGLD is likely to attempt reaching the minimal retracement target of a wave 2, which corresponds to the 0.382 Fibonacci level at $48.35. However, it's also quite plausible that the price might briefly spike to $46.40, reaching the 100% Fibonacci level of our Y wave in blue, and exiting through the neckline. Top buying zones (supports).. 48,35$ - 46,39$ 41,70$ - 41,16$ 35,96$ to 33,63$ 29,94$ 26,73$ No financial advise.
BINANCE:EGLDUSD
by Crypto_Mercy
EGLD/USDT Bracing Bullish Shift from Support?👀 EGLD Analysis💎 Paradisers, focus on #EGLDUSDT, as it's showcasing a pattern that strongly suggests a bullish surge from its support level. 💎 #MultiversX is currently flirting with its resistance level, teetering on the edge of a breakout. It's nudging the short-term 0.618 Fibonacci retracement near $55.45 but has recently faced a setback at this fib level. 💎There's a chance CRYPTOCAP:EGLD might not sustain the initial momentum needed for a breakout. If so, we could see a downward consolidation before another crucial retest at our current support of $51.58. Once this level is firmly retested, we anticipate a significant upward movement.
Long
by MyCryptoParadise
1
EGLD/USDT Primed for Bullish Turnaround from Key Support? 👀🚀💎 Paradisers, #EGLDUSDT as it unfolds a significant pattern, nestled at a crucial support level, and hinting at a potential bullish upswing. 💎 Observing #Multiversx's recent activity, we've noted a trend of breaking to new lows, suggesting a prevailing bearish sentiment. However, a notable aspect is the potential for a bullish reversal from the critical support of $39.48. Achieving stability at this level could catalyze a strong ascent to counter the overhead supply. 💎 As savvy traders, we're equipped for a range of scenarios. Should #EGLD fail to materialize the expected bullish reversal, we might see a rebound from a secondary demand level at $34.97. A breach below this threshold, however, could signify a significant shift to bearish momentum.
Long
by MyCryptoParadise