$870 EGLD Bull Market Top Price Expected as EGLD Breakout of Falling Wedge Pattern Aimed at Trend Top of $250 – $270

News, Trending

  • Altcoins show stong bullish indicators as BTC price dips further. 
  • Altcoin MultiversX just broke out of a bullish falling wedge pattern.
  • Analyst expects $870 bull market top price with current pump sights between $250 – $270.

With Bitcoin having dropped in price following its latest 6-digit ATH, some traders are worried of the current decline in BTC price which now stands at $97,800. Meanwhile, seasoned analysts remain bullish over the expectations of Bitcoin price pumping to hit new highs in the coming months. 

Many predictions take Bitcoin’s sideways movement as a healthy sign and expect Bitcoin price to hit new highs in the coming days ahead. While some expect $108,000 as the next BTC ATH price, others expect a next trend top between $125,000 and $135,000. While the crypto market patiently awaits BTC price to pump, many traders set sight on altcoins instead. 

EGLD Breakout of Bullish Falling Wedge Pattern

So far, in the crypto bull cycle, many altcoins have already begun to pump signaling what may be an early start to altseason. With altseason taking off, altcoins like SUI and ONDO have already set a new ATH alongside BTC. Likewise, other capable altcoins are either pumping significantly or are showing strong indicators for massive price pimps ahead. 

https://twitter.com/CryptoFaibik/status/1864903311540838440

To highlight, one such bullish altcoin is MultiversX (EGLD) which according to CoinMarketCap analytics, stands at $53.10 and is up by over 110% in the last 30 days. It boasts a total market cap of $1,467,645,309.16 and a 24-hour trading volume of $123,888,109.37. As we can see from the post above, the current bullish indicator shows a falling wedge breakout that can take the price of EGLD to $250.

Analyst Expects $870 Bull Market Top for EGLD

https://twitter.com/CryptoBullet1/status/1690333675768979456

Adding on to the asset’s bullish momentum, the analyst in the post above believes EGLD price can go much higher this altseason and crypto bull run. He has set the first target for EGLD between $60-$70, a second target between $130 – $160, and a third target at $270. Finally, he expects a bull market top for EGLD at $870. 

The post $870 EGLD Bull Market Top Price Expected as EGLD Breakout of Falling Wedge Pattern Aimed at Trend Top of $250 – $270 appeared first on Crypto News Land.

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