$EDEN is up 80.4% in 24 hours, trading at $0.0815. Volume hit $19M, but the price is now testing the top of its 7-day range at $0.0869.
The move pushed RSI(14) to 84, deep into overbought territory. While price is above both the EMA20 ($0.0632) and EMA50 ($0.0541), a sustained push past the $0.0869 resistance is needed to confirm continuation. Without it, a pullback towards the EMA20 is likely.
The market's overall Fear & Greed index sits at 29 (Fear), suggesting this move is an outlier, not broad market strength. I'd watch for rejection at $0.0869.
$EDEN
The move pushed RSI(14) to 84, deep into overbought territory. While price is above both the EMA20 ($0.0632) and EMA50 ($0.0541), a sustained push past the $0.0869 resistance is needed to confirm continuation. Without it, a pullback towards the EMA20 is likely.
The market's overall Fear & Greed index sits at 29 (Fear), suggesting this move is an outlier, not broad market strength. I'd watch for rejection at $0.0869.
$EDEN