EDEN/USDT: Is the Bottom Finally In? 🚀
Looking at the 1D chart for $EDEN , we are seeing some very interesting developments after a long period of downward pressure. If you've been holding or watching from the sidelines, here is what the technicals are whispering right now:
🔍 The Technical Breakdown:
The Rebound: After hitting a recent low of 0.0575, EDEN has found some solid footing. We are currently sitting at 0.0656, showing a nice +1.23% recovery.
Volume Spike: Did you notice that massive green volume candle a few days ago? That usually signals "big money" interest or a heavy absorption of sell orders. When volume precedes price, a trend reversal is often around the corner.
MACD Turning Point: The MACD is showing a bullish crossover (DIF > DEA). The histogram is moving into the green zone, suggesting that the bearish momentum is exhausted and buyers are starting to take control.
💡 My Take:
$EDEN has been labeled as a "Seed" project, which means high volatility is expected. However, the current consolidation above the 0.0600 level looks like a classic "accumulation" phase.
If we can break and hold above the 0.0750 resistance, we could see a quick move back toward the 0.0900 range. On the flip side, keeping an eye on that 0.0575 support is crucial—as long as we stay above that, the recovery thesis remains alive.
What do you think? Are we heading for a breakout, or is this just a relief rally? Let me know your targets in the comments! 👇
