Binance Alpha to Launch LayerEdge (EDGEN) Trading on June 2
LayerEdge Listing on Binance Alpha: LayerEdge (EDGEN) will be listed on Binance Alpha starting June 2, 2025, with eligible users able to claim an airdrop using Binance Alpha points, potentially impacting Bitcoin market dynamics.
Technological Integration and Market Speculation: The listing is notable for its integration of zero-knowledge proofs with Bitcoin's protocol, which may influence liquidity flows in Bitcoin-backed projects, although the actual impact remains speculative due to limited public data.
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Technical Analysis for EDGEN
Technical Sentiment Analysis for LayerEdge (EDGEN) As of , LayerEdge (EDGEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EDGEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, EDGEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
LayerEdge (EDGEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000689 | 0.00131 | 0.00191 | 0.00253 | 0.00313 | 0.00375 | 0.00436 |
| Fibonacci | 0.00131 | 0.00178 | 0.00206 | 0.00253 | 0.003 | 0.00329 | 0.00375 |
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