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Multiverse X Technical Analysis and Price Prediction

MultiVerseX EGLD: New Bear Market LOW Coming!
MultiVerseX EGLD: New Bear Market LOW Coming!

Nick, the host of the YouTube channel “Cheeky Crypto,” recently analyzed the price action of Multiverse X (EGLD) and the EAG token. He identified a zigzag pattern on the 1-hour chart, suggesting a potential bounce before moving down further. He also noted that the daily and weekly charts are still in a bearish structure, with key interest areas between $20 and $29.80.

Nick predicted a possible price range of $211 to $204 for Multiverse X in the short term. He also expressed his belief in the tokenomics of Multiverse X and optimism for its future performance.

Here is a more detailed technical analysis of Multiverse X:

Overall, the technical analysis suggests that Multiverse X is likely to continue its bearish trend in the short term. However, there is potential for a significant run in a future bullish market.

Historical Progression

Multiverse X reached an all-time high of $544.25 on November 10, 2021. However, the price has been in a downtrend since then. In May 2022, the character of the trend changed to bearish.

Conclusion

Nick is bullish on Multiverse X in the long term, but he believes that the price is likely to continue its bearish trend in the short term. He recommends that investors wait for a reversal signal before buying.

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