EGLD, Elrond Network’s native coin, was able to break free from a falling wedge pattern during an uptrend seen on August 20. According to CoinMarketCap, EGLD is up by 0.77% or trading at $53.58 as of this writing. It can be remembered that EGLD had a stirring bull run last month that has propelled the coin to a spike of 16%. However, since then, the coin has had a massive double-digit decline this August. EGLD apparently treads the same direction with major crypto Bitcoin that has experienced the extreme downswing that affected the crypto market this month. An extrication spotted at a falling wedge usually ticks a spike in price. However, is this surefire sign to go all-in for EGLD? Related Reading: Polkadot (DOT) Hits The Brakes At $7.34 After Brief Recovery EGLD Hints At Potential Downtrend On the daily graph, EGLD’s key indicator shows that the trading momentum is routed in such a way that dispels the belief of a potential bullish reversal. RSI for EGLD looks bleak as it is positioned at 39 or under the 50-neutral regi ..
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