Thesis The screener reads this as a coil just under the 20-day high of 4.63–4.66, but that reading is wrong. The 11 flat, zero-volume candles from 20–30 Sep are not a quiet range. MultiversX halted its chain after an exploit attempt, and Kraken kept EGLD in cancel-only mode. The 2.00 wick on 1 Oct is the market reopening, not real support. Today's drop to 3.59 and close at 4.60 came on about $245k of 24h volume in a book that may not yet be open to deposits and withdrawals, so the 'tight bandwidth' and 'coil' readings come from the halt, not from apathy. Above price, 36% of 90-day volume traded between 4.6 and 5.3 (2–10 Sep), and the measured R:R to 5.25 is only about 1.6:1 from a 4.70 trigger with a stop at 4.35. Crowd read Holders are stuck after an exploit halt. Withdrawals were reported still blocked on Binance and Bitvavo as of a few days ago, so many are trapped and will sell into the first liquidity they get. Today's sharp drop and recovery looks like a reopening liquidity grab in a closed pool, not dips being absorbed. Once transfers fully reopen, the usual result is a wave of exit selling before any real trend. Watch for Official Kraken and Binance notices that EGLD deposits and withdrawals are restored. After that, a daily close above 4.70 that holds for a second close on rising volume, with the low staying above 4.35. Until then, ignore the coil signal. Wrong if For the bear case: Kraken and Binance confirm EGLD deposits and withdrawals are fully restored, and price then closes two daily candles above 4.70 on volume that holds up after arbitrage is possible. That would make it a real breakout from 4.63 and turn this into a watch or long. Exit rules none set Managed exit (half at 1R, trail 1R) not filled yet

Screener coil scored 91 (reasons were not kept on this call) Project MultiversX halted its mainnet on 19 Sep 2026 after an attempted exploit of a network vulnerability. Block production resumed 24 Sep. Kraken kept EGLD cancel-only with deposits and withdrawals paused, which explains the flat 20–30 Sep candles; trading resumed around 1 Oct with a 2.00 wick. The MultiversX–Ethereum bridge has reopened and the team says it is working with exchanges to restore transfers, but reports from the last few days say withdrawals are still blocked on Binance and Bitvavo. Earlier in the year there was a contested proposal to remove the EGLD supply cap and add tail inflation. Not trending on CoinGecko. Risks · Kraken EGLD book may still be cut off from other exchanges (transfers paused), so the price can drift from the global price and snap back when arbitrage reopens · Exploit post-mortem or loss disclosure could land at any time; holders stuck since 19 Sep sell the first window they get · Heavy overhead supply 4.6–5.3 from the 2–10 Sep volume, with sellers trapped at 5.06–5.27 · Kraken quote volume of about $245k a day: one order can make or erase a 'breakout' candle · Earlier tokenomics proposal to remove the supply cap and add tail inflation still weighs on long-term holders · Total market cap down 2.3% today with Greed at 70, so the backdrop gives no tailwind for weak alts Sources https://www.tokenpost.com/news/technology/24088 https://cryptoslate.com/multiversx-restarts-after-exploit-halt-but-kraken-still-bars-new-egld-trades/ https://en.bloomingbit.io/feed/news/120675 https://pluang.com/en/news-feed/harga-bitcoin-terjebak-di-rentang-83k-87k-karena-data-pekerjaan-tak-mendorong https://www.kucoin.com/news/community/EGLD/6ab8454d74fd460007c595d3 https://www.bitget.com/news/detail/12560605169451 Features at call time pct_1d: 10.58 pct_7d: 10.84 vol_ratio_eff: 0.00 rsi_1d: 65.18 bbw_pct_rank: 13.86 dist_to_high_20d_pct: 0.65 consec_green_1d: 1 overhead_supply_share: 0.36 upper_wick_ratio_1d: 0.06 lower_wick_ratio_1d: 0.62 rs_vs_btc_7d: 7.77 from_ath_pct: -99.14