⚡Mac⚡

no #EGLD is not dead. (5 minute read) On The Story of Elrond Network and the EGLD token + TA at the end. I've felt immense capitulation in the Elrond community recently, especially if you've been following the news, you'd know that drama continues to be the main source of engagement... ✍️ Elrond Network made some CRAZY changes since the top of the last bull run in 2021 and it's impossible to know what caused the downturn: was this bad business from the Foundation? Or was this the side-effect of going through a full rebranding of their blockchain? --> NOW @MultiversX If you think about it, Elrond Network had the "psychological" backing of community since 2019, but by rebranding, Elrond reset their community; it wasn't just a rebrand, it was a complete OVERHAUL of direction and mindset they worked to build since 2019, and by rebranding at that time, you can say that this early community of MultiversX likely represent more newcomers to Elrond and EGLD during that transition period going from Elrond Network to "Multiverse to the power of X" 🥴 Times have been hard, the EGLD community has literally been making the trenches their home, and boy has there been a lot of muck and mire to deal with in these EGLD trenches: - Fud (to say the least) - IRL threats to the core team - threats within the community - MASSIVE engagement farming stoking the negative sentiment/community that form AGAINST elrond network... See, some people are not just "fudding" MultiversX, they are ATTACKING it and BREAKING it down for the world to see. I am seeing posts from people talking about how they're nervous to enter EGLD despite the positive sentiment because they see its own "bagholders" "FUDDING their own token."?! Stop. These people are NOT bag-holders. They are haters, they over-invested and factually they lost a lot of money buying #EGLD. Don't hate them, but do ignore them. Their mission is to tear down and defame and discredit the very MISSION of Elrond Network, MultiversX, EGLD and beyond. There may be a seriously poisonous/toxic community of fudders within @MultiversX, but i GUARANTEE you that they do not have enough EGLD left to sell to make a damn impact on the market. Their bark is WAY worse their bite. 🧠 Technical Analysis 🔮📈📉 I started gaining followers from this very community bull-posting TA charts as we neared (and passed) the 2021 EGLD top, but I have been following every peak and valley since then, following lower lows and lower highs. (aka a downtrend.) I started professing this same message in 2021: every time there's a move up, it WILL be retested. What is key to follow in any trend you're tracking is "When the low is retested, does it bounce back and create a new higher high?" As EGLD has been in a downtrend, we wait and watch the lows that are made and assess a trend setting up to form with simple metrics of Higher Highs and Lower Lows. We have NOT assessed a second higher high since July, and that is half of what we are watching in this sideways chop. The second half we are watching (nervously) is the lows that are forming to retest the June '25 bottom: - Aug '25 (retest #1) and - Sept '25 (retest #2) 👉 Each of these bottoms were developed and carried with them remarkably negative/bearish sentiment... yet the Aug '25 bottom has not been pierced. In short: we need price to go up. (lol.) This is setting up to be a textbook triple-bottom here, but it doesn't mean anything technically significant if a new lower-low is made. That would reset the proof indicators that right now are working to slowly print out a receipt for us that says: "Confirmed uptrend; EGLD is trending upwards." -- Be sure to click into the image I created below - this work is akin to what I was putting out in 2021, but this time I am trying to chart the BOTTOM where there is MAXIMUM upside potential. Buying when there is blood on the streets sets you apart PSYCHOLOGICALLY so that when the market begins to grow, you know that you BOUGHT with people who are LIKE-MINDED as you, and therefore you will all have a "price" set for EGLD in your heads and won't be so quick to sell when you know how much your EGLD is worth. 🐦‍🔥🧠 Drop a like, comment if you're #bullish EGLD and MultiversX. Will you be around to celebrate EGLD all-time highs? It may not be soon, but it will NOT be never. If you believe this, you should be hodling. NFA.