Technical analysis by CryptoAnalystSignal about Symbol EGLD: Buy recommendation (4/27/2025)

#EGLDThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a rebound from the lower boundary of the descending channel, which is support at 16.80.We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.We are looking for stability above the 100 moving average.Entry price: 17.32First target: 17.65Second target: 18.55Third target: 19.45