Where MultiversX Stands Today
MultiversX (EGLD/USDT) is trading around $4.51 right now, down about 1.42% in the last day. The project has been busy shipping upgrades—the Andromeda testnet rolled out with faster cross-shard execution and instant finality, while Meta-Transactions V3 landed in late January to cut gas costs. On paper, these are solid technical wins.
But the on-chain activity tells a different story. Daily transactions are down roughly 20% compared to last quarter, and active addresses have dropped nearly 47%. Market cap has slipped from earlier Q1 highs. It’s a classic disconnect: the tech is advancing, but usage isn’t following yet.
There are bright spots, though. About 66% of eligible EGLD is staked, which shows long-term holders aren’t panicking. Liquid staking now accounts for around 14% of staked tokens, suggesting people still believe in the network’s future. Partnerships are also moving forward—Animoca Brands is now running validators and bringing gaming and NFT expertise, while collaborations with Google Cloud, Tencent Cloud, and AWS are improving developer tools and infrastructure.
So MultiversX is in a strange spot: building hard but struggling to convert that into momentum. The question for traders and investors is whether the fundamentals will eventually catch up, or if the market will keep ignoring the upgrades.
What the Technical Indicators Are Saying
The charts for EGLD right now are pretty mixed, which matches the overall vibe. On the 4-hour timeframe, the RSI sits at about 46.84—not oversold, not overbought, just floating in no man’s land. That usually means the market hasn’t made up its mind yet.
The MACD tells a slightly more bearish story. The MACD line is around –0.035, below the signal line at –0.025, with a negative histogram of –0.010. That suggests short-term momentum is tilted downward, though not dramatically. It’s the kind of setup where bears have a slight edge, but bulls could flip things with a catalyst.
Moving averages add to the cautious picture. The 4-hour simple moving average is sitting at roughly $4.558, just above the current price. The exponential moving average is a bit higher at around $4.57. Price trading below both of these is a sign of resistance overhead. On longer timeframes—50-day, 100-day, 200-day—the moving averages are all above current levels, confirming the longer-term trend is bearish.
Support and Resistance Zones to Watch
The immediate resistance cluster is around $4.55 to $4.57, right where those 4-hour moving averages are hanging out. If EGLD can push through that zone, the next meaningful level is probably near $4.65. Below, support sits around $4.48 to $4.50. Those levels line up with recent pivot points and could act as a floor if selling pressure eases. If that breaks, deeper support is likely around $4.40 or lower.
In short, EGLD is caught between $4.50 support and $4.57 resistance. The direction it breaks will probably set the tone for the next week or two.
Three Scenarios for Where Price Could Go Next
Given the current setup, here are three possible paths for EGLD over the coming days and weeks.
Bearish continuation: If the 4-hour MACD stays negative and price closes below the pivot around $4.51, expect a test of support at $4.48. If that doesn’t hold, we could see a slide toward $4.40 or even $4.30. This scenario plays out if broader crypto markets stay weak and there’s no catalyst to spark buying interest. Timeframe: next 1 to 3 days.
Range-bound recovery: If there’s a small positive surprise—maybe improving usage metrics or a new partnership announcement—price could bounce off support and challenge resistance at $4.55 to $4.57. If it breaks through, $4.65 becomes the next target. This would require a pickup in volume and some improvement in short-term indicators like RSI moving above 50. Timeframe: 2 to 5 days.
Bullish reversal: For a real turnaround, EGLD would need both technical and fundamental fuel. A MACD crossover to the upside, RSI climbing above 50, and sustained volume would be the technical signals. On the fundamental side, a major partnership, strong adoption data, or positive macro crypto sentiment could do the trick. In this case, price breaks above $4.57, pushes toward $4.80 to $5.00, and potentially aims for $6.00+ if the broader market enters a new bullish phase. Right now, this feels less likely without a clear catalyst.
The chart shows price hovering near resistance with a negative MACD histogram and neutral RSI. It’s a visual of indecision—bulls and bears locked in a stalemate.
How to Trade This Environment
For day traders, the play is probably conservative. Look for small bounces off the $4.48 to $4.50 support zone, take quick profits near $4.55 to $4.60 resistance, and use tight stops. The risk-reward right now favors small, defined trades rather than big swings.
Swing traders should wait for clearer signals. If the daily MACD crosses positive and price closes above $4.60, that could be the setup for a longer trade targeting $4.80 or higher. Until then, the mid-term trend is still bearish. If support at $4.50 breaks, don’t fight it—be ready to step aside or trade the downside.
Long-term holders should focus more on the fundamentals than the charts. Staking rates are solid, partnerships are real, and the tech roadmap is progressing. But without a rebound in daily transactions and active addresses, price may stay under pressure. Keep an eye on ecosystem metrics and be patient. The infrastructure is being built, but adoption takes time.
Bottom line: EGLD is likely to stay range-bound or drift lower in the near term unless something changes. The $4.50 support level is critical. If it holds and indicators start to turn, there’s room for a move back toward $4.60 and beyond. If it breaks, the next leg down could be rough. Trade with clear levels, manage risk, and don’t force anything in a choppy market.
