Resistance

MultiversX

Coin

<ul>
 <li><span>1</span> <a rel="noopener noreferrer nofollow">EGLD Coin Price: The coin has risen more than 180% since the middle of October this year.</a></li>
 <li><span>2</span> <a rel="noopener noreferrer nofollow">MultiversX has announced that it has created a special arrangement for developers.</a></li>
 <li><span>3</span> <a rel="noopener noreferrer nofollow">The current price is trading in a consolidation zone.</a></li>
</ul>
<p>The bulls took control after October 20th. Since then, the price has surged more than 1.8x.</p>
<h2 class="wp-block-heading" id="strong-partnership-with-google-strong"><strong>Partnership With Google</strong></h2>
<p>MultiversX (formerly Elrond) has teamed up with Google Cloud to enhance its Web3 presence. The BigQuery data warehouse of Google Cloud has now integrated with MultiversX, which will enable Web3 projects and users to derive valuable insights from powerful data analytics. Moreover, It will also allow artificial intelligence tools offered within the Google Cloud ecosystem.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img src="https://lh7-us.googleusercontent.com/vyeXRz21oTNU87rrvFhF0uyZ2uZffbFxNPo_EthXuY-T9HgyFwBbqqcT4qiDEFJuNuX6e6bTaFH1spc9P_mg0y8lyzjRjEuCQj_wAVzbG61Ijr0kgwSDKko_W6XlX1knQoCXRPkpGspnDuwy7WDncbM" alt="EGLD Coin: Bulls Surged 1.8 Folds after Google Partnership News">
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<p>The partnership between the two companies is expected to significantly streamline the execution of large-scale blockchain projects that are data-focused, providing developers with easy access to data on addresses, transacted amounts, smart contract interactions, and on-chain analytics.’</p>
<p>MultiversX has announced that it has created an arrangement to make it easier for developers to access important data about blockchain projects. These include addresses, transaction amounts, and smart contract interactions. Additionally, the platform has released the xWorlds Developer Kit, which includes a variety of tools for creators to build augmented reality experiences. This uses a portal as a wallet and distribution hub, along with realistic 3D avatars powered by artificial intelligence.</p>
<h3 class="wp-block-heading" id="strong-what-google-said-about-the-partnership-strong"><strong>What Google Said About the Partnership</strong></h3>
<p>MultiversX network will be able to leverage advanced tools and services available on Google Cloud. This will be done to enhance the performance and scalability of the decentralized application’s non-blockchain components. Daniel Rood, of Web3 EMEA at Google Cloud, expressed excitement about the potential to accelerate development for Web3 developers. Additionally, the partnership with MultiversX will provide new opportunities for expanding their strategy. This partnership will also help in solidifying Google Cloud’s position as a leading innovator in the blockchain industry.</p>
<h2 class="wp-block-heading" id="strong-prediction-of-egld-coin-price-strong"><strong>Prediction of EGLD Coin Price&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img src="https://lh7-us.googleusercontent.com/yVEJMkLXhTAM8-PNfbzyxBRCIdiZvnkKQQAVxwAK5YEsTbeMSAONGM8BpOIwD4Eu345zqhbw12luTlNFJXinP2aPgXuUrFkFwNR7dBZyFvNqWNQ88AWVCgK2uJ53tpeBt0e5fHOeH7vworDoXTrnsqo" alt="EGLD Coin: Bulls Surged 1.8 Folds after Google Partnership News">
  <figcaption>
   EGLD/USD chart by <a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=BINANCE%3AEGLDUSDT" rel="noopener noreferrer nofollow">TradingView</a> (Daily time frame)
  </figcaption>
 </figure>
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<p>The EGLD <a href="https://www.thecoinrepublic.com/2023/11/17/osmo-coin-bulls-are-confronting-bears-at-the-resistance-level/" rel="noopener noreferrer nofollow">coin price</a> is currently in a consolidation zone after surfing its uptrend. The immediate resistance is at the level of $48.12 while the immediate support level is at $38.3. Moreover, the RSI is seen spiking off after reaching the level of 89.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img src="https://lh7-us.googleusercontent.com/nBaHoMolkIfiH9GSkKKNzW2CYLJ3nYtJBejg6fROpKSMKjWPG759IMjtTX25Xq78N5XWi458JQdBBdg9DDwBgOiqUS1Ztyb0NCoYBOzrEzq4PeNbOCIth5aO4muLYI9m4GMo5Nlr9eKNWI4eNNLRei0" alt="EGLD Coin: Bulls Surged 1.8 Folds after Google Partnership News">
 </figure>
</div>
<p>In addition to this, the 50-day EMA has made a bullish crossover with the 150-day EMA in November. The price prediction for the current market trend is bullish if the bulls can retain the trendline.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>The MultiversX (EGLD/USDT) coin has surged after news about the partnership with Google Cloud was out. MultiversX network will be able to leverage advanced tools and services available on Google Cloud. The current trend is sideways but the coin can still surge if the bulls can reclaim the trendline.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $38 and $32</li>
 <li><strong>Resistance Levels: </strong>$48 and $54</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks or related indexes comes with a risk of financial loss.</p>

EGLD Coin: Bulls Surged 1.8 Folds after Google Partnership News

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