Multiversx cryptocurrency: new analysis. Approaching $50.00

Multiversx reacted three times after testing support. The spark has probably been ignited, a decisive approach to the $50 boundary is expected.
Multiversx (EGLD) quotes have regained bullish momentum from the relative lows made on Monday, April 3, at 39.52 against the U.S. dollar. Since then, there hasn't been any particularly strikingly large rally; in fact, we've seen an increase of about +12.5% in a dozen sessions.
Much more important, however, is the technical significance of this rise. First of all, it allows us to identify new support levels, higher than in mid-February, and most importantly, it allows us to establish new bullish projections, which are practically achievable within 2-3 weeks.
The weekly candlestick chart shows an area between 37.50/39.95. By holding this base of support, projections above the $50.00 line are legitimate, where the next major technical move lies, an area from which we will expect signals later.
Right now, we can assume that despite the current situation - not just in Multiversx, but in the entire crypto sector as a whole - we can already predict targets in the $61 area. It all depends on how EGLD reacts after crossing the (also psychological) 50.00 boundary.
Forecasts point to targets at 46.97/47.00 and 49.25. The latter level is near major resistance in the short and medium term; therefore, it will be necessary to monitor the situation with technical signals after it is reached. Multiversx is listed on all the major exchanges and as of Monday evening, April 17, was worth $43.38, essentially unchanged from yesterday (+0.32%).