EDGE’s 11% fall — Is a price reversal on the way?

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EDGE cryptocurrency fell 11% in 24 hours, with perpetual netflows at -$746,000 and open interest down 10.36% to approximately $20.67 million. This correction is linked to capital outflows from the perpetual market and mixed market sentiment, with the sentiment indicator reading 0.00. Spot traders continued accumulating EDGE, purchasing $1.65 million in the last 24 hours, with netflows over the past 10 days reaching -$561,000. Despite the short-term price drop, the asset’s year-to-date gains hit 299%, and liquidity clusters above the current price hinted at potential for a near-term rally.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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