Is It Too Late To Buy EGO? Ego Price Soars 19% And This Might Be The Next Crypto To Explode
The EGO price soared 19% in the last 24 hours to trade at $0.02404 as of 00:01 a.m. EST on trading volume that surged 79% to $3.8 million . Ego Price Gearing Up For A Bullish Trend Reversal The Ego price recently experienced a strong upward spike, but it has since entered a consolidation phase after hitting the $0.025 resistance zone, according to data from GeckoTerminal . A descending triangle pattern is visible, with the Ego price testing the lower highs and horizontal support. This pattern is typically bearish, but in this case, it could act as a continuation pattern since the prior trend was bullish. If the price breaks out above the resistance of the triangle, we could see another upward move. EGO price trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the bullish bias. The Relative Strength Index (RSI) is approaching the overbought zone (70), currently at 62, but remains below it. This suggests moderate bullish momentum. If the RSI moves...