Latest MultiversX (EGLD) Price Analysis

Deep Dive

1. Bearish Technicals (Mixed Impact)

Overview: EGLD trades at $13.82, below its 30-day SMA ($14.36) and 200-day SMA ($15.74). The MACD histogram flipped positive (+0.0589) but remains below the signal line, indicating weak bullish momentum.

What this means: Short-term traders likely exited positions after EGLD failed to hold the $14.43 pivot point, a key psychological level. The RSI (50.33) suggests neither overbought nor oversold conditions, leaving room for further downside if selling accelerates.

What to watch: A daily close above $14.94 (50% Fibonacci retracement) could signal recovery, while a break below $13.52 (swing low) may trigger panic selling.

2. Community FUD and Exchange Inflows (Bearish Impact)

Overview: Social media reports (NFTMasterpiece) highlight heavy EGLD deposits into exchanges like Binance and Upbit, suggesting holders are preparing to sell.

What this means: The $12–13 zone is seen as a “make-or-break” level for EGLD’s credibility. A drop below $12 could invalidate long-term bullish setups, with no historical support until $6–7.

3. Staking Yield Competition (Bearish Impact)

Overview: EGLD’s 3.3% Flex Staking yield on Bitvavo trails alternatives like ATOM (3.7%) and DOT (3%), reducing its appeal for passive income seekers.

What this means: Lower yields may prompt stakers to reallocate funds to higher-APY assets or sell EGLD outright, exacerbating sell-side pressure.

Conclusion

EGLD’s decline reflects technical weakness, FUD-driven exchange inflows, and subpar staking yields. While silent accumulation is noted near $13, the lack of immediate catalysts increases downside risk.

Key watch: Can EGLD hold $13.52 support, or will breaking it confirm a bearish breakdown toward $12?

Deep Dive

1. DeFi Borrowing Feature (Bullish Impact)

Overview: MultiversX launched a borrowing feature via its Maiar app on August 13, 2025 (Beniamin Mincu), letting users access liquidity without selling EGLD. Total Value Locked (TVL) grew post-launch.
What this means: By reducing forced selling for liquidity needs, this feature could stabilize EGLD’s circulating supply. Historical patterns (2022-2023 integrations) show similar TVL growth correlates with reduced token sell-offs.

2. Technical Indicators Signal Opportunity (Mixed Impact)

Overview: EGLD trades near its 7-day SMA ($14.26) and 30-day SMA ($14.42). The MACD histogram turned positive (+0.0517), and RSI (48-50) avoids oversold territory.
What this means: Neutral RSI leaves room for upward movement, while MACD’s bullish crossover suggests short-term momentum. However, the 200-day SMA ($15.77) looms as resistance.
What to watch: A sustained break above $14.94 (50% Fibonacci level) could target $15.27 (38.2% retracement).

3. Social Momentum & Ecosystem Growth (Bullish Impact)

Overview: Community activity surged, with MultiversX’s X account reporting 9M wallet accounts and 543M transactions. Social posts (@wavenodeValid) highlight renewed confidence after a purge of “pseudo-influencers.”
What this means: Declining FUD and growing developer activity (ranked 1st in 30-day GitHub growth) signal institutional-grade maturation, though price-volume divergence (-55% 24h volume) tempers optimism.

Conclusion

EGLD’s uptick reflects strategic DeFi innovation, technical stabilization, and community-driven conviction – but faces resistance at higher timeframes.
Key watch: Can TVL growth from the borrowing feature offset EGLD’s 20% 60-day decline amid thin liquidity?