^{What is $EGO}? ^{$EGO is a utility-driven memecoin that launched on Solana in July 2024. Spearheaded by doxxed developer Loic Bellez. The main objective of $EGO is to create a decentralized, community-led ecosystem. The project operates as a DAO, giving holders direct control, and is rapidly expanding across multiple chains like Solana, Base, and soon Tron, with more to come. With upcoming IRL meetups, NFTs, and staking, $EGO aims at becoming a major player in the crypto space.}

📰 This Week at $EGO: Community Highlights & Big Wins

It’s been a huge week for $EGO with lots of action and progress across the board. Here’s a recap of it all:

• Tron Bridge Development: Progress on the Tron bridge is advancing smoothly. We’re well on track to complete it by the end of this month or early next month, expanding $EGO’s cross-chain capabilities and further integrating into new ecosystems. This bridge will open new avenues for $EGO holders, giving them more flexibility and access across networks.
• Base Integration Progress: We’ve made massive strides in integrating Base into our DAO. The technical groundwork is nearly finished, giving $EGO more cross-chain functionality and expanding its reach even further.
• DAO Back Office Updated:
• Animation Rigging Completed: The highly anticipated $EGO animations have hit a milestone with the rigging now fully completed! These animations will add fresh, dynamic content to the $EGO brand.
• Daily Selfie Challenge: The $EGO selfie challenge on X is in full swing! Team members, including our dev Loic, are posting daily selfies as we push towards a new ATH. The community is joining in, and the challenge has been a fun and interactive way to show off that $EGO spirit!
• NFT Asset Updates Continued: Our highly anticipated NFT project is progressing right on schedule. Some sneak peeks of the assets are being shared here first to give the Reddit community some love and an exciting glimpse of what’s to come. These NFTs will play a key role in the $EGO DAO, offering exclusive benefits to holders. Stay tuned for more updates soon!

📊 Technical Analysis Recap (Week of Sept 9th – Sept 15th): Confirmed Support and Continued Bullish Momentum

Looking back at the past week, $EGO has built upon the solid foundation laid earlier, with new technical indicators signaling sustained strength and potential for further upward movement. Here’s what the charts are showing us:

• Support Reinforced at Key Level: $EGO consistently bounced off 0.0004677
• EMA20 Above EMA50: The EMA20 continues to hover above the EMA50, a clear sign of bullish momentum. This is especially significant as it shows that short-term price action remains strong and is outpacing long-term trends. In short, there is more room for upward movement
• Potential Breakout Above Resistance: $EGO is currently experiencing minor resistance at the 0.0005156 mark but will in all likelihood break through this soon. After this we expect that the next roof will be at 0.0005908. A breakout above this point will likely open the doors for a substantial rally
• Bollinger Bands Tightening: The Bollinger Bands are starting to contract, a sign that volatility could be building up for a significant move. As $EGO edges closer to the upper band, this suggests we might see a breakout soon
• Volume Surge Confirmation: This week saw a notable surge in volume
• RSI Still in Favorable Range: The RSI currently sits comfortably between 52-64

Looking Ahead:

As we transition into mid-September, the technical indicators suggest that $EGO is well-poised for a breakout. Support at 0.0004677 remains firm, volume is climbing, and the EMA cross is providing further bullish confirmation. All eyes are on the 0.0005908 resistance level—should we break this, expect a swift move toward higher price levels.

TL;DR:

$EGO has maintained bullish momentum with key support at 0.0004677 and a potential breakout on the horizon at 0.0005908. Increased volume and positive EMA signals suggest that $EGO is gearing up for continued upward movement. Watch closely for a potential breakout above key resistance levels this week

^{This post is NFA, and we encourage everyone to DYOR.}