$EDEL is showing strong 1H momentum after breaking out from the $0.020 area and pushing above $0.03. Price is currently around $0.0318 after testing higher levels, so a pullback would not be surprising after the recent move.
The marked demand zone around $0.027-$0.029 is the key area to watch. A clean reaction there could give buyers another chance to push higher, with the chart pointing toward the $0.040 area.
If $EDEL loses that demand zone decisively, the structure could weaken and price may retrace deeper toward the $0.020 area. For now, the reaction around $0.027-$0.029 is the main level to watch.
#Macro Insights# #Altcoin Season#
The marked demand zone around $0.027-$0.029 is the key area to watch. A clean reaction there could give buyers another chance to push higher, with the chart pointing toward the $0.040 area.
If $EDEL loses that demand zone decisively, the structure could weaken and price may retrace deeper toward the $0.020 area. For now, the reaction around $0.027-$0.029 is the main level to watch.
#Macro Insights# #Altcoin Season#
