Latest MultiversX (EGLD) Price Analysis

Deep Dive

1. Technical Breakdown (Bearish Impact)

Overview: EGLD trades at $7.44, below its 200-day SMA ($13.26) and pivot point ($7.56). The RSI-14 at 42.39 signals bearish momentum, while Fibonacci levels suggest resistance at $7.51 (78.6% retracement).

What this means: Persistent trading below the 200-day SMA reflects entrenched bearish sentiment. The failed retest of the $7.56 pivot on December 3 triggered stop-losses, amplifying selling pressure.

Key watch: A close above $7.56 could signal short-term relief, while a drop below the swing low ($6.62) risks a 15% plunge.

2. Liquidity Erosion from Delistings (Bearish Impact)

Overview: Binance delisted EGLDUSD perpetual contracts on November 13, 2025, following low demand. While spot trading remains available, futures delistings typically reduce institutional interest and liquidity.

What this means: EGLD’s 24h volume plunged 72.67% to $12.6M, with turnover (volume/market cap) at just 5.88% – signaling thin order books vulnerable to volatility. Historical data shows delisted coins underperform for weeks post-announcement.

3. Inflation Proposal Fallout (Mixed Impact)

Overview: An October 2025 governance proposal to remove EGLD’s 31.4M supply cap and introduce 9.47% annual inflation sparked backlash. Critics argue this breaks MultiversX’s “digital gold” narrative.

What this means: While the proposal passed with 94.55% approval, concerns persist about validator sell pressure (90% of fees go to builders) and long-term holder dilution. The 46.89% 90-day price decline suggests unresolved skepticism.

Conclusion

EGLD’s decline reflects technical breakdowns, reduced liquidity from derivatives delistings, and unresolved inflation concerns. While staking adoption (e.g., Binance Soft Staking) offers a bullish counterpoint, traders remain wary of dilution risks.

Key watch: Monitor December’s Supernova upgrade progress – successful implementation could revive developer activity and offset tokenomics fears.