{"id":601945,"date":"2024-11-21T08:57:45","date_gmt":"2024-11-21T08:57:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=601945"},"modified":"2024-11-21T14:44:59","modified_gmt":"2024-11-21T14:44:59","slug":"is-it-too-late-to-buy-ego-ego-skyrockets-34-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-ego-ego-skyrockets-34-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy EGO? EGO Skyrockets 34% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

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.<\/span><\/p>\n

EGO Price Aims For A Bullish Trend Reversal<\/b><\/h2>\n

The EGO\/USD chart analysis on the 4-hour timeframe displays a sharp upward movement starting around Nov. 11, with <\/span>the EGO price<\/span><\/a> 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.<\/span><\/p>\n

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.<\/span><\/p>\n

The price of EGO now trades well above both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart. EGO being above the SMAs is a signal that the asset is currently on a sustained bullish momentum.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 59.34, which is in the neutral-to-bullish range. It is not yet overbought, leaving room for further upward price action.<\/span><\/p>\n

Furthermore, the Moving Average Convergence Divergence (MACD) line (blue) is attempting to cross above the signal line (orange), which could indicate the start of a bullish phase if sustained.<\/span><\/p>\n

\"EGO<\/p>\n

EGO\/USDT Chart Analysis (Source: Tradingview)<\/span><\/i><\/p>\n

EGO Price Prediction<\/b><\/h2>\n

According to the EGO price analysis, the chart shows a bullish bias, as the bulls aim to breach the upper boundary of the wedge. If the price breaks above the upper trendline with strong volume, it could resume the uptrend.<\/span><\/p>\n

The immediate resistance is the upper boundary of the triangle ($0.02317), while a stronger one lies near the recent swing high at $0.03750. If the bulls breach these levels, the EGO price could soar even higher, as they target $0.060.<\/span><\/p>\n

Meanwhile, if the bears take charge of the price at this level, immediate support lies at the 50 SMA ($0.02049) and the $0.020 psychological level. Further support is at $0.01167, where the initial breakout occurred.<\/span><\/p>\n

As the EGO price aims for a bullish rally, some investors are turning to meme coins like the newly launched <\/span>Flockerz (FLOCK)<\/span><\/a> for the greater explosive upside potential that’s found in presales.<\/span><\/p>\n

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.<\/span><\/p>\n