September 2025 will mark a major network upgrade for MultiversX, focusing on scalability and transaction efficiency.
This comes at a key moment:
The crypto market is slowly showing signs of recovery.
Institutional interest in solid Layer-1 projects is gradually returning.
The upgrade could act as a strong catalyst, positioning EGLD for renewed attention among both investors and developers.
Fundamentally, this event could be the trigger that supports a potential trend reversal, especially after months of price consolidation.
🔎 Technical Analysis
Pattern: Earlier this summer, a potential double bottom was forming (April – June 2025). However, the setup failed in late July, as EGLD was rejected at the 19–20$ zone near the MA233.
Accumulation: EGLD has been in an accumulation range for over 8 months, following the steep correction from 58$ in December 2024. This prolonged sideways action suggests that market participants are waiting for a decisive breakout.
Moving Averages:
MA55 = 15.48$, MA233 = 18.79$
A golden cross is possible if daily candles close above 16$, a bullish technical signal.
RSI: 48% → neutral, leaving room for both upside and downside movement.
Key Levels:
Support: 12–14$
Critical Breakout Zone: 18–20$
Bullish Targets: 20$ → 24$ → 28$ → 31$
Inflexion Zone: 31–35$, where stronger resistance awaits.
🔎 Market Inefficiencies (FVG)
Two Fair Value Gaps (FVGs) formed in February 2025 remain unfilled.
Once the 18–20$ liquidity zone is cleared, these inefficiencies suggest natural targets around 24–28$.
📌 Conclusion
EGLD is currently at a turning point:
Technically: breaking and holding above 18–20$ opens the way toward 24–28–31$, with the main challenge at 31–35$.
Fundamentally: the September network upgrade could serve as the catalyst for this breakout, after months of sideways accumulation.
🎯 Bullish scenario: breakout → 24–28–31$, testing 31–35$.
⚠️ Bearish scenario: repeated rejection at 18–20$ → return to the 12–14$ support range.
👉 September will be a decisive month for EGLD, as both fundamentals (upgrade) and technicals (range breakout) converge.
