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EverGrow Price Prediction: Will the Bearish Dominance Continue?

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EverGrow Price Prediction: Will the Bearish Dominance Continue?
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EverGrow (EGC) is a passive income protocol based on the Binance Smart Chain. It rewards its native token holders with stablecoins. It is a deflationary token that was designed to grow its value with time as it becomes scarce. 

EverGrow (EGC) Platform Growth: Detailed Guide

In recent weeks, EverGrow has been listed on different exchanges which include MEXC Global, DigiFinex, and LBank. The increase in its availability on different platforms may boost its overall liquidity and trading volume.

The EverGrow in recent times has partnered with several new platforms such as CoinPayment and Trust Wallets. This partnership will help it to enhance the buying, selling, and storing of EGC coins.

The EverGrow’s back-office team has been working on several new features to make it more accessible for its users.

The project is showing rapid growth which can add more value to its platform. The new partnerships and its team working on several new features may attract more users around the world. This will help it have continued growth in the future and be well-positioned in the crypto market.

How to Invest in EGC: One Should Know About

The first step to investing in EGC is to create a crypto wallet such as TrustWallet, MetaMask, and Coinbase Wallet.

Secondly, the user should fund their crypto wallet with WBNB. WBNB can be bought on a centralized exchange such as Coinbase or a decentralized exchange such as PancakeSwap.

Thirdly, one should connect its wallet to decentralized exchange. To invest in EGC, the PancakeSwap is a popular DEX.

In the fourth step, the user should swap their BNB with EGC to complete its overall transaction.

EverGrow (EGC) Coin Price Analysis

The EverGrow coin price prediction is still being determined at the time of writing as it is trading inside a symmetrical triangle. The gap inside the triangle pattern is significantly less so one can see a breakout or breakdown in the upcoming months.

The daily chart of the coin shows the equal participation of sellers and buyers as it is forming lower highs and higher lows. It denotes both are trying to gain control of the price.

The price has broken below the 50-day EMA and 100-day EMA with strong selling pressure and currently is trading below them. It denotes the sellers are more active in the current scenario and the possibility of the breakdown of the symmetrical triangle pattern is higher.

The EverGrow coin price is currently trading at $0.0000000001869 and registered a slight gain of 0.1% in the last 24 hours.

What Does The Future Hold For EverGrow Coin?

The current scenario shows that the sellers are currently more active. The breakdown of the symmetrical pattern increases and can fall to its immediate support at $0.0000000001823. The breakdown of this level will trigger the continuation of the fall in price. After this, the EGC price may fall to its next support at $0.0000000001698.

On the higher levels, if the price manages to reclaim the EMA lines, it will signal the bulls’ comeback. After this, the chances of a breakout of the symmetrical triangle pattern increases and can retest the $0.0000000001941 level. 

The breakout of the $0.000000000191 level will signal the buyers’ takeover and the price may reach its next resistance level at $0.0000000002003. If this level also gets breached by the buyers, then its price may reach its next resistance at $0.0000000002066.

Conclusion

The EverGrow coin is unpredictable as it is trading inside a symmetrical triangle pattern. The EMA lines show the sellers are dominating the price in the current scenario. However, the bearish trend is not confirmed till it has given the breakdown of the $0.0000000001823 level. 

Technical levels

Resistance Levels: $0.0000000001941, $0.0000000002003, and $0.0000000002066

Support Levels: $0.0000000001823 and $0.0000000001698.

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing or trading in crypto comes with a risk of financial loss.

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