EdgeX breaks out of 30-day consolidation – Can bulls push EDGE to $0.80?
The post EdgeX breaks out of 30-day consolidation – Can bulls push EDGE to $0.80? appeared on BitcoinEthereumNews.com. EdgeX [EDGE] has firmly sided with the bulls, with the asset climbing an impressive 34% over the past day at press time, as sentiment across the market reflects growing strength from buyers. The analysis shows that while the asset has already gained ground, concerns remain over whether the momentum holds long enough to clear the unfilled liquidity gap sitting ahead of price. For now, market sentiment still favors the bulls. EdgeX rally breaks out of a 30-day consolidation EDGE’s rally stems from a breakout of the descending consolidation pattern the asset had traded within for roughly thirty days, as price moved between key support and resistance levels. While the market carries a decent level of optimism following the recent breakout, the asset still needs to post substantial growth to clear the $0.39 to $0.42 range, which currently acts as supply. Source: TradingView