EDEN's recent trend is indeed quite interesting — the current price hovers around 0.0681, trapped between multiple moving averages. The 99-hour moving average (about 0.0667) and the 25-hour moving average (about 0.0677) provide support below, while the 7-hour moving average (about 0.0685) acts as resistance above. This structure suggests that the market is still indecisive about the direction.



The key point to watch is whether it can break above the 0.07 to 0.075 range. Once broken, there is a chance to retest the previous peak, which is around 0.095. On the downside, in the recent shaky market, 0.065 to 0.063 is the first line of defense, with stronger support at 0.0607.

It's a bit unfortunate that during the previous rally, the trading volume was quite high, but it has now clearly declined. To continue bullish, sustained volume is necessary, along with a decisive breakout move. Otherwise, relying solely on moving averages for support makes it difficult to form a true upward breakout.
EDEN-10.69%
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RadioShackKnightvip
· 12-16 18:51
The trading volume is really the key here. The current shrinking volume situation is simply not trustworthy.
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