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EGO (EGOUSD) Presents Strong Resistance Level

Johnathon Fox
11/23/2024 | UPDATED ON: 11/23/2024

EGO (EGOUSD) Price Forecast: November 23

EGOUSD Pair presents a strong resistance level with the momentum in the crypto industry continuing. The coin has jumped to its highest level, believing that the coin price may explode higher. However, if coin holders demonstrate strength and the price remains stable above the previous high value of $0.037, the price may continue to rise to a high of $0.045 and higher, staging strong breakouts resulting in an intraday gain for coin buyers.

Key Levels:
Resistance Levels: $0.027, $0.028, $0.029
Support Levels: $0.015, $0.014, $0.013

EGO (USD) Long-term Trend: Bullish (Daily Chart)

The EGOUSD pair presents a strong resistance level with huge volume from the bulls approaching the upper resistance in its long-term perspective. Buyers are confident about gaining higher levels, confirming their high impact in the market at present.
EGO (EGOUSD) Presents Strong Resistance Level
The buy investors’ ride to a $0.024 supply value above the EMA-50 in the previous action has made the coin price remain strong above the resistance trend line in its recent high.

EGO presents a strong resistance level at $0.028 above the EMA-50 as the daily chart opens today, indicating that the buy investors are dealing in the coin investment.

Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels. The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.

Next, the EGOUSD price is pointing upwards, suggesting that the coin price may likely continue in an upward direction and head toward the $0.045 supply trend line in the days ahead as it presents a strong resistance level in its higher time frame.

EGO (USD) Medium-term Trend: Bullish (4HChart)

The EGOUSD price is also skyrocketing and presents a strong resistance level as the bulls dominate the broad market in its medium-term outlook. The price action is above the moving average line, confirming its bullish trend.
EGO (EGOUSD) Presents Strong Resistance Level
Today, the EGO market is showing promising signs of recovery as the coin price presents a strong resistance at the $0.028 level and remains pressured above a crucial level, indicating a significant upward.

Hence, if the bulls increase their confidence in the EGOUSD investment, the coin market could see another uphill trend by revisiting its all-time high of $0.037 and hitting the $0.045 resistance barrier, attracting big players to drive the coin price higher as it presents a strong resistance level in its medium-term forecast.

Buy EGO on Longhornfx

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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