2026-01-16 10:47:58

EGL1's recent market movement is indeed quite interesting. I had been paying close attention before, but after the decline became significant, I lost focus. Unexpectedly, it suddenly surged in the past two days, doubling in value. Is there some positive news behind this rebound? Or is it mainly a shift in market sentiment? Does anyone have insights into recent EGL1 developments? I want to understand whether this rally is a temporary rebound or supported by fundamentals.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

24 Likes

Reward
24
10
Repost
Share

Comment

0/400

ProposalDetective

· 01-19 10:11

Doubled? Why didn't I keep up? I got caught in another scam.

View OriginalReply0

PhantomHunter

· 01-19 07:49

Doubling? Could this be the big shot accumulating shares?

View OriginalReply0

SatoshiChallenger

· 01-18 03:29

Doubling? Ha, the data speaks for itself. The last project that surged like this now has a 98% zeroing rate. I've seen this kind of rebound too many times. Ironically, every time someone asks, "Is there any good news?" A rebound without fundamentals support is basically a signal that retail investors are taking the fall. Check the historical candlestick charts. I've seen this kind of pattern back in 2018, and the ending is written in the account. Good news? Most likely a big investor is building a position, waiting for retail investors to follow. Honestly, I can't see any fundamental support; what I do see is the market's irrationality clearly. A rebound ≠ a reversal. This is a lesson that needs to be learned multiple times.

View OriginalReply0

FloorPriceWatcher

· 01-18 03:16

Doubled? Damn, missing out feels so painful. It mainly depends on whether it can stabilize afterward; rebounds are easy to fall back quickly. Those with insider information probably got in early; by the time we see it, we're mostly just bagholders. Will this wave turn into a mess again? We need to observe a bit more. Ask those people in the crypto circle; their instincts are much sharper than mine.

View OriginalReply0

PositionPhobia

· 01-16 11:15

Doubling? Are you sure you didn't calculate it wrong... For a coin like EGL1, a rebound is just a rebound, don't overthink the fundamentals. It's both good news and emotional, basically it's the market manipulators pushing the price up. I just want to know when to exit, so I don't get caught again. The biggest risk in this kind of market is chasing the high, only to see it fall back to the original point.

View OriginalReply0

BasementAlchemist

· 01-16 11:10

This has doubled, I'm a bit tempted. --- Mostly just emotions, I haven't heard any major good news. --- I usually sell during this kind of rebound, afraid it’s just a pullback. --- Damn, it really doubled? Why didn't I see the news? --- Can you clarify which good news it is? It feels a bit fake. --- Just a rebound, don't overthink it. --- Falling so much and suddenly doubling, someone must be eating up the supply. --- Fundamentals? Does EGL1 have any fundamentals? Haha. --- I'm also watching, just didn't dare to jump in. --- Wait, don't rush. We need to see how this kind of candlestick pattern develops later.

View OriginalReply0

SatoshiHeir

· 01-16 11:08

Doubling? Well, it should be pointed out that this rebound is very likely just a dead cat bounce. On-chain data shows there is no substantial positive support. --- Based on the logic of the white paper, market sentiment ≠ value consensus. Don’t be fooled by the K-line. --- Laughs, chasing after the ups and downs again. I advise you all to return to technical fundamentals and think about the underlying factors. --- Want to figure it out? First look at the changes in on-chain addresses, don’t just watch the price dance. --- This wave of rebound smells too much like retail investors getting caught, clearly just a game of capital. --- Undoubtedly, without substantial positive news, chasing is risky. This mindset is problematic. --- According to historical data, nine out of ten rebounds of this kind are temporary. Wake up, everyone. --- To put it poetically: bubbles will always burst, but truth is eternal. EGL1 doesn’t have that value yet. --- It should be pointed out that the on-chain data you cannot see is the real answer, not emotions.

View OriginalReply0

NFTPessimist

· 01-16 11:04

Doubling? Let's wait and see. I've seen many such rebounds. It's mainly retail investors' emotional speculation, nothing fundamental. It's the same old trick, why does it keep happening? EGL1... I'm still pessimistic about this.

View OriginalReply0

ruggedNotShrugged

· 01-16 11:04

Doubling? I didn't see it. Did you look at the wrong candlestick, buddy?

View OriginalReply0

RugDocScientist

· 01-16 10:49

Doubling? Damn, why didn't I buy the dip? --- It's mainly about emotions. I haven't heard any good news. --- I never believe in this kind of rebound; it's always the last wave of harvesting before the whales dump. --- Supporting fundamentals? That's a joke, it's purely a capital game. --- Want to figure it out? Wait for half of the pullback, and you'll know haha. --- Why was there no movement before, and now suddenly a rally? Think carefully, it's terrifying. --- It's the same old trick, trapping people first and then dumping. --- Hey, wait a minute, could there really be a big event this time?

View OriginalReply0