Is It Too Late To Buy EGO? EGO Skyrockets 34% And This Might Be The Next Crypto To Explode
The EGO price skyrocketed 34% in the last 24 hours, to trade at $0.02317 as of 02:33 a.m. EST on trading volume that surged 93% to $3.2 million, according to CoinGecko. EGO Price Aims For A Bullish Trend Reversal The EGO/USD chart Analysis on the 4-hour timeframe displays a sharp upward movement starting around November 11, with the EGO price spiking from approximately $0.00805 to a high of $0.03750. This reflects a significant bullish breakout from the previously flat or slightly declining trend. Following the breakout, the price has entered a falling wedge pattern. This is an indication that a sliding price is starting to lose momentum and that buyers are starting to move in to slow down the fall. The price of EGO now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs). EGO being above the SMAs is a signal that the asset is currently on a sustained bullish momentum. The Relative Strength Index (RSI) is at 59.34, which is in the neutral-to-bullish range....