EGLD Targets $11 as MultiversX Developers Keep Shipping Upgrades
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MultiversX’s EGLD token is testing the lower boundary of a descending channel on its daily chart as developers continue shipping protocol upgrades, with the asset eyeing a potential move toward $11. The setup highlights a disconnect between persistent price pressure and ongoing development activity on the network. A confirmed rebound from the channel’s lower bound would be the first technical signal needed to validate upside momentum. Traders are watching whether EGLD can break out of the descending structure and sustain gains toward the $11 level.
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