MultiversX Price Prediction: What’s Next For $EGLD After 40% Jump?

MultiversX Price Prediction: In the span of the last 16 months, the MultiversX coin has traced a shallow but gradual decline within a falling wedge pattern, a classic configuration in technical analysis that often signals bullish reversals. The EGLD price bounced off the upper boundary four times and the lower boundary three times, affirming the pattern’s significance in shaping market movements. Today, a 40% single-day surge represents a pivotal breakout from this pattern, heralding a shift in sentiment and hinting at a potential trend reversal for Elrond.