EDGE: 44% Drop Spurs edgeX Investigation
EDGE plunges 44% to $0.62 as edgeX_exchange probes irregular movement with bearish 4h signals intact.
SourceAnalysis
EDGE plunged 44% after edgeX_exchange flagged sudden irregular price action and launched an urgent probe.
Price sits at $0.62 inside a bearish structure defined by EMA50 at $1.27 and EMA200 at $1.29, both acting as firm overhead resistance. MACD registers a death cross at -0.12 while RSI at 9.68 marks extreme oversold conditions. The token tests the lower Bollinger Band support zone near $0.82, creating short-term volatility exhaustion that often precedes relief bounces toward the 50-EMA before any sustained recovery.
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