Highlights
- Paysenger EGO token surged 56% to $0.0284, with trading volume hitting $19 million.
- EGO plans two major exchange listings in the next two months, expanding beyond Bybit and KuCoin.
- Paysenger is launching an ambassador program, partnering with trading bots, and releasing a MiniApp for Telegram users.
The Paysenger EGO (EGO) price has soared 56% in the last 24 hours to trade at $0.0284 as of 3:45 a.m. EST, thanks to a 130% pump in trading volume to $19 million. The market capitalization now stands at $3 million.
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Analyst Michael Yi notes that EGO is attracting significant attention following its recent listing a move that typically generates interest in emerging projects. Yi emphasizes that the cryptocurrency’s current low price suggests strong potential for growth, positioning EGO as a promising altcoin, especially with its listings on major exchanges like KuCoin and Bybit.
🪙 EGO Enters a New Season!
📅 RoadMap for November – December
Friends, as always, we’re excited to share our plans for the coming months!
Here’s what lies ahead:
🔸 Two Major Listings on CEX
Two major listings are planned over the next two months. A reminder that $EGO is… pic.twitter.com/dpgC66kHRh— EGO (@Ego_Paysenger) November 12, 2024
Payserger EGO is set to roll out several major updates in the coming months. The cryptocurrency is preparing for two significant exchange listings within the next two months, expanding its reach beyond its current platforms, including Bybit, KuCoin, Bitget, and MEXC.
The project is also launching a new phase of its ambassador program, designed to further support the ecosystem, with additional details to be shared on the EGO farming platform.
In addition, the team is working on forming strategic partnerships with trading bots and organizing trader tournaments that offer prizes to active EGO traders. Several other high-profile partnerships are in the works to drive the platform’s growth. Furthermore, the upcoming release of the Paysenger MiniApp is expected to unlock new opportunities, particularly targeting the Telegram ecosystem to attract a broader user base.
EGO Statistics
- EGO price: $0.0284
- Market capitalization: $3 Million
- Trading volume: $19 million
- Circulating supply: 108 million
- Total supply: 500 million
Paysenger EGO Price Spikes Within a Bullish Channel
The EGO/USD trading pair on the 1-hour timeframe shows promising signs of a potential uptrend. The current price is approximately 0.02879 USD. Earlier, the price experienced a consolidation phase with low volatility, indicating a lack of strong directional momentum.
However, after this consolidation, the price started moving within a bullish channel, marked by higher highs and higher lows, suggesting a possible uptrend in progress. Within this channel, a critical support level has emerged along the lower boundary, which aligns with the 0.718 Fibonacci retracement level, reinforcing its significance as a buying zone.
The 50-period moving average (approximately 0.01816885 USD) closely trails the lower boundary of the price channel, adding support to the bullish movement. The 200-period moving average (around 0.00991090 USD) is significantly below the current price, which indicates that the long-term trend remains upward.
Bullish Technicals Signal Further Uptrend
The MACD indicator currently shows a slight bearish momentum, with the MACD line at 0.00278664 below the signal line at 0.00342330. This reflects in the negative MACD histogram bars. However, a potential crossover might soon occur, which could signal a bullish shift if the MACD line crosses above the signal line in the upcoming candles.
The RSI indicator is currently at 57.82, which signals a neutral-to-slightly bullish sentiment. Being below the overbought threshold (70), it suggests that there is still room for additional upward movement for the Paysenger price before the market enters overbought territory.
Overall, the chart setup indicates a potentially bullish trend continuation as long as the price respects the support level within the bullish channel. Traders may look for a breakout above the channel for a stronger bullish signal or watch for a break below the support level as a possible trend reversal warning.
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