Latest MultiversX (EGLD) Price Analysis

Deep Dive

1. DeFi Utility Expansion (Bullish Impact)

Overview: MultiversX launched a native borrowing feature via its Maiar app (13 Aug 2025), letting users access liquidity without selling EGLD. Total Value Locked (TVL) rose as borrowing activity increased.
What this means: By allowing EGLD holders to collateralize assets while retaining ownership, the update reduces immediate sell-side pressure. Historically, similar DeFi integrations (2022-2023) correlated with TVL-driven price rallies.

2. Technical Breakout (Bullish Impact)

Overview: EGLD broke above the 38.2% Fibonacci retracement level ($15.80), aligning with its current price of $15.81. The RSI (54.66) suggests room for upward momentum without overbought risks.
What this means: Traders often interpret Fibonacci breaks as trend reversals. Sustained trading above $15.80 could target $16.36 (23.6% level). The MACD histogram turned positive (+0.0028), signaling bullish divergence.

3. Ecosystem Momentum (Mixed Impact)

Overview: Recent network upgrades (Barnard activation on 24 July) and Growth Games grants boosted developer activity. Wallet addresses grew 112% YoY to 8.5M, per 16 Jun 2025 data.
What this means: While user growth is a long-term bullish signal, short-term price action faces risks if adoption metrics plateau. The altcoin season index (49/100) shows lukewarm rotation into smaller caps, suggesting EGLD’s rally is partly coin-specific.

Conclusion

EGLD’s surge reflects a blend of DeFi innovation, technical tailwinds, and sustained ecosystem growth. However, watch for resistance at $16.36 and TVL trends to gauge sustainability.

Key watch: Can EGLD hold above the 38.2% Fibonacci level amid rising trading volume (+97% in 24h)?

Deep Dive

1. Technical Weakness (Bearish Impact)

Overview: EGLD trades below its 30-day SMA ($15.33) and shows bearish MACD divergence, with the histogram at -0.0798. The RSI (46.31) suggests neutral conditions but leans toward oversold territory.

What this means: The price rejection at the 38.2% Fibonacci retracement ($16.50) on August 21 signaled fading bullish conviction. With the pivot point at $14.92, a sustained break below $14.50 (78.6% Fib) could accelerate selling.

What to look out for: A close above $15.33 (30-day SMA) to invalidate the bearish structure.

2. Staking Centralization Concerns (Mixed Impact)

Overview: On August 15, validator Wavenode highlighted issues with Hatom’s staking algorithm after losing 3 nodes due to a large 11,000 EGLD unstake (@wavenodeValid).

What this means: While staking participation remains high (14.4M EGLD staked), the incident raised questions about small validators’ sustainability. This could temporarily dampen sentiment among retail holders prioritizing decentralization.

3. Market-Wide Risk Aversion (Bearish Impact)

Overview: Crypto fear/greed sits at "Neutral" (46/100), with altcoin dominance down 16% monthly. Total crypto volume fell 22% in 24h, reflecting reduced risk appetite.

What this means: EGLD’s -2.31% drop outpaced Bitcoin (-0.08% dominance gain) as capital rotated toward safer assets. The token’s 30-day correlation with BTC stands at 0.82, amplifying downside during broad pullbacks.

Conclusion

EGLD’s decline reflects technical headwinds, ecosystem growing pains, and a cautious macro backdrop. While the project’s fundamentals—like 545M transactions and new DeFi utilities—remain intact, short-term traders are pricing in validator risks and liquidity constraints.

Key watch: Can EGLD hold the $14.50 Fib support, or will BTC’s trajectory dictate further downside?