EGLD – Third Touch at $12 Support Could Ignite a Major ReversalEGLD / TetherUSBINANCE:EGLDUSDTMihai_IacobEGLD has been on my radar for quite some time... After forming a major low in April and rallying back toward the $22 zone, the coin pulled back again — effectively confirming that level as strong support. By the end of September, price revisited the $12 area for the third time, and once again buyers stepped in decisively, triggering a solid rebound. Now, EGLD trades around $14, sitting just below a falling trendline that has capped upside momentum for months. ________________________________________ Technical Outlook •Support: $12 (triple-tested, major demand zone) •Resistance: Falling trendline around $14–15 •Soft target: $22 (key resistance and prior reversal area) ________________________________________ My Trading View Given the strength of this repeated support and the contracting structure, I believe this trendline resistance is likely to break soon. If momentum follows through, EGLD could accelerate sharply to the upside, mirroring past explosive moves. The setup remains constructive — buying dips above $12 could offer a strong risk–reward opportunity heading into the next leg higher.