EGRAG’s chart identifies three main continuation structures: falling wedge, bullish rectangular, and bullish pennant. Among these, the bullish pennant stands out as a dominant structure, outlined in green. The pattern typically begins after a strong price surge, followed by a period of sideways consolidation before another rally resumes.
The flagpole represents its earlier 2017–2018 rally, while the multi-year consolidation reflects investor accumulation. The projection, indicated by a tall green arrow, points toward a potential breakout that could drive the price near $7.00 if the resistance level is broken.
At the time of the analysis, the altcoin traded around $0.55, showing a 5.47% intraday rise in earlier chart data. Green zones indicate strategic entry and stop levels, suggesting how traders might manage exposure. While the analysis remains speculative, it reflects strong optimism in its long-term potential.
Could the coin’s multi-year bullish pennant finally set the stage for a breakout that redefines its long-term trajectory?