Can EGO Price Thrust Upward And Reach A Higher Price Level?

• 1 EGO/USDT has a trading volume of $95.79K across all platforms within the past 24 hours, with a total of 5.19K holders.
• 2 At press time, the EGO was at $0.06162, showing an intraday surge of 0.26%.

The Paysenger (EGO) cryptocurrency experienced an intense price movement over the daily chart, indicating that bulls were in control from the last week of February 2024. The price rose from $0.04250 and reached its highest point at $0.13000 on March 20th, 2024. 

However, the bulls lost strength, allowing the bears to take over and causing the price to fall as the bears dominated the chart. The uptrend was broken, and the price declined, forming a lower low structure on the daily chart.

EGO Statistics

The highest price reached by EGO/USDT in the last 24 hours is $0.064, while its lowest price was $0.06077. With the contract address 0xedb6d7d456a570f790185af9f6b99020cc578ed0, the current liquidity of EGO/USDT is $477,457.37.

EGO/USDT has a trading volume of $95.79K across all platforms within the past 24 hours, with a total of 5.19K holders. The total market capitalization of EGO/USDT is $19.67 Million. It has been 9 months since the creation of the EGO/USDT pool, and its last transaction was recently recorded.

The fee for trading EGO/USDT on Pancakeswap V3 (BSC) is 0.25%. According to the Gecko Terminal website, 1 EGO token can be converted to 0.06111 USDT.

About EGO Token

EGO token is the exclusive currency used in the Paysenger ecosystem, which is a vibrant platform that brings together content creators, enthusiasts, and commercial entities.

According to CoinMarketCap, Paysenger’s ecosystem encourages direct monetization and increased user interaction. Paysenger is developed by a skilled team and is supported by prominent blockchain entities such as Polygon and ConsenSys. It also utilizes advanced and unique AI technology co-developed by Dr. Tamay Aykut, previously associated with Stanford.

Paysenger’s primary function is to allow users to commission personalized content from creators, offer gratuities, or seek specialized knowledge, all through financial transactions. It also provides access to exclusive content through a subscription model.

By integrating EGO tokens as a medium of exchange, Paysenger extends its support for content creators, incentivizing user participation through task-based token rewards.

Most importantly, the platform fosters unique partnerships between content innovators and creators, promoting the development and realization of new content. At the same time, it empowers fans to actively support their favorite creators, engage in conversation, and request personalized media pieces.

Furthermore, Paysenger has addressed ethical concerns regarding AI in art by introducing a new AI model customized to individual artists. This model is trained to imitate and create artwork that reflects each creator’s unique style, thus safeguarding artistic integrity.

Will Paysenger (EGO) Price Reclaim Upper Levels?

Recently, the EGO crypto turned around as the price showed resilience on the critical level of around $0.05600 on the chart.

The Paysenger crypto is primed for a phenomenal rally as it accumulates power to break the resistance level ahead and could zoom to new highs from the current base zone. The EGO asset displays bullish strength and rising tendency as it sustains at support and approaches major 20-day and 50-day EMAs to cut from below.

In the same way, the EGO asset is exhibiting a slight bullish performance as MACD started to converge, which is at -0.00361. The RSI is still far from the 70 level, meaning the Paysenger asset is not facing significant selling pressure. It is above 14-SMA, which highlights that it can continue to rise.

Likewise, it has delivered good results in the previous week, with 2.72% gradual gains, which signifies a beginning of solid upward momentum in the coming sessions. At press time, the EGO price is at $0.06162, showing an intraday surge of 0.26%.

If the EGO price manages to sustain effectively at $0.05600 critical support, the chances of buyers’ interest increasing could be higher, which can lead its price towards $0.08300 and $0.11700.

If the price of EGO drops further and breaks its support at $0.05600, it may reach the demand zone, which could potentially cause a decrease in the EGO price.

Summary

The EGO crypto saw a bullish trend from late February to March 2024, with prices rising from $0.04250 to $0.13000. However, bears took over, causing a decline. Recent signs show potential for a turnaround, as bears faced resistance at $0.05600. 

Moreover, the slightly better results in the previous week suggest a positive upward momentum. It is at $0.06162 at press time, with a 0.26% surge. If support at $0.05600 holds, the price could reach $0.08300 and $0.11700, but a breakdown may lead to further decline.

Technical Levels

Support Levels: $0.05600

Resistance Levels: $0.08300 

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.