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$EDGE Quietly gaining strength, while most traders focus on short-term volatility. After a sharp rebound from the 0.5500 level, the price found demand near the support zone of 0.4200 and immediately moved back above key moving averages.
Interestingly, each subsequent drop is absorbed faster than the previous one. This indicates that large players are accumulating assets rather than selling them off. As activity increases in the decentralized derivatives infrastructure and the edgeX trading protocol, the chart begins to reflect improved sentiment.
Key levels:
Resistance: 0.5500
Support: 0.4200
Pivot: 0.3850
A breakout above 0.5500 could trigger a strong extension of the impulse, as delayed buyers return to the market.