Friends, Paysenger (EGO) is a great project that combines AI and Blockchain to provide a solution for digital content protection and monetization. Nowadays copying of content using AI tools has become a big issue. Paysenger platform verifies creator's content with the help of AI and secures it so that no one can use it without permission. This project is quite unique as it is solving real-world copyright problems. Till now its ATH has reached $0.13.
If we talk about a little longer timeframe then the monthly chart of EGO/USDT shows that the coin had given a good pump at one time, but then the price came down despite the market correction. But if you observe, now the price has become quite stable and is almost trading in a bottom zone. This zone can be very attractive for long term investors because when the price stabilizes at the bottom, the chances of bouncing from there increase.
If we look at the daily chart as well, the price of EGO has been consolidating in a narrow range since April. This means that there is no scene of panic sell or heavy dumping yet. The volume is also picking up slightly. This consolidation phase is very important because big movements are often seen only after this. Currently, the coin is trading around $0.0049 if it breaks the $0.0060 level, then a good breakout can be seen.
Small spikes are visible on the 8 hour chart as well - this means buyers are showing interest whenever the price comes in the zone of $0.0045-$0.0048. This support area is strong and if there is an upward breakout from there with volume, then there can be a good recovery in the short term. But patience is important as consolidation phases can sometimes last for a long time.
If you are a long term investor, you can keep EGO on your radar. The project's utility is strong and the combination of AI + Blockchain will be in more demand in the coming times. But as always in crypto, ensure proper risk management. Entry points are good but always keep portfolio diversification in mind. For now, EGO's scene is worth watching let's see when its next pump starts.