This detailed analysis covers the price predictions for MultiversX （EGLD） from 2024 to 2030, based on technical indicators and market trends.
Points
- Bullish EGLD price prediction for 2024 ranges from $48.23 to $74.45.
- Bearish EGLD price prediction for 2024 is $20.04.
- MultiversX focuses on fast transactions, governance, and rewards within the DeFi ecosystem.
- The price prediction includes support and resistance levels, and technical analysis indicators.
MultiversX （EGLD） is a prominent player in the DeFi space, known for its fast transactions, governance features, and rewarding ecosystem. Launched in 2018, it operates on the Elrond blockchain, providing robust decentralized finance solutions. MultiversX currently ranks 68th on CoinMarketCap in terms of market capitalization.
MultiversX （EGLD） Current Market Status
What is MultiversX （EGLD）?
- Ticker: EGLD
- Blockchain: Elrond
- Category: DeFi （Decentralized Finance）
- Launched: 2018
- Utilities: Governance, fast transactions, gas fees & rewards
MultiversX 24H Technicals
MultiversX （EGLD） displays a rounding bottom pattern, indicating a long-term price reversal. This pattern often signals a shift from bearish to bullish sentiment in the market.
Resistance and Support Levels
The following chart outlines the possible resistance and support levels for MultiversX （EGLD） in 2024:
- Resistance Level 1: $48.23
- Resistance Level 2: $74.45
- Support Level 1: $29.18
- Support Level 2: $20.04
Technical Analysis Indicators
The technical indicators for MultiversX （EGLD） include Relative Volume （RVOL）, Moving Average （MA）, and Relative Strength Index （RSI）:
- 50-Day Moving Average （50MA）: $34.22
- Price: $36.67
- Relative Strength Index （RSI）: 63.56
The readings suggest a bullish trend, with the price currently above the 50MA and the RSI indicating neutral to nearly overbought conditions.
Price Prediction for 2024
Based on the technical analysis and market trends, the bullish price prediction for MultiversX （EGLD） in 2024 ranges from $48.23 to $74.45. The bearish scenario places it at $20.04. If the market momentum and investor sentiment remain positive, EGLD might hit $100. With future upgrades and ecosystem advancements, EGLD could surpass its all-time high （ATH） of $542.58.
Future Price Predictions （2025-2030）
Using the technical indicators and trend patterns, the price predictions for MultiversX （EGLD） for the years 2025 to 2030 are as follows:
- 2025: Bullish Price: $120 | Bearish Price: $30
- 2026: Bullish Price: $125 | Bearish Price: $22
- 2027: Bullish Price: $130 | Bearish Price: $46
- 2028: Bullish Price: $135 | Bearish Price: $34
- 2029: Bullish Price: $140 | Bearish Price: $52
- 2030: Bullish Price: $145 | Bearish Price: $20
Conclusion
If MultiversX （EGLD） establishes itself as a strong investment in 2024, the year will be favorable for the cryptocurrency. The bullish prediction places EGLD at $74.45, while the bearish prediction is at $20.04. Positive market momentum and investor sentiment could drive EGLD to hit $100 and potentially exceed its current ATH.
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