šØ EDEN/USDT Deep Dive: RWA Token With Fresh Momentum? š§
ā¢ **Current Price:** ~$0.071 (+14% 24h) | Vol: $63M (elevated on pump)
ā¢ **Context:** OpenEden (RWA platform tokenizing Treasuries) just got listed on Bithumb ā big for Korean liquidity & sentiment boost.
š **Daily Trend:** Bearish ā down 94% from $1.31 ATH post-Binance listing. Classic post-hype correction.
š **4H Chart Action:** Sharp volume-backed spike to $0.0949 (rejection at ~$0.087 EMA200 resistance), now pulling back but holding above $0.062 low & EMA50 (~$0.069).
š **Key Indicators:**
- Below EMA200 ($0.087) ā bears in control until proven otherwise
- MACD mild bullish crossover on lower TF, but no strong divergence
- Volume confirmed the pump, faded on pullback (watch for renewal)
**Verdict: No high-probability spot buy yet.** This looks like a relief rally in a downtrend ā high volatility (Seed Tag risk!).
ā¢ Best to watch: Wait for successful retest of $0.062-0.065 support + 4H close above $0.087 EMA200 with volume for first confirmation.
**BTC Correlation:** EDEN moves with Bitcoin. If BTC stays strong, alts like this can extend; breakdown in BTC = likely more pressure here. Always watch BTC!