BTC $47755.16 (-0.8%)
ETH $3565.82 (-1.3%)
USDT $1.00 (-0.0%)
BCH $639.03 (-2.1%)
BSV $156.20 (-0.7%)
LTC $185.41 (-2.1%)
BNB $424.56 (-1.6%)
ADA $2.41 (-3.5%)
DOGE $0.24 (-2.6%)
BTC $47755.16 (-0.8%)
ETH $3565.82 (-1.3%)
USDT $1.00 (-0.0%)
BCH $639.03 (-2.1%)
BSV $156.20 (-0.7%)
LTC $185.41 (-2.1%)
BNB $424.56 (-1.6%)
ADA $2.41 (-3.5%)
DOGE $0.24 (-2.6%)

Edgeware (EDG) Technical Analysis 2021

Edgeware (EDG) Technical Analysis 2021

Edgeware (EDG) is one of the most active virtual assets in the crypto world. In fact, the crypto was able to reach a huge market cap of almost $65 million. As a result, the crypto is now being monitored mostly by financial investors around the world.

In terms of its technology, Edgeware is a cryptocurrency that runs on blockchain technology. It is a smart contract chain with a decentralized proposal system and network of DAO’s. By using Edgeware, Ethereum developers can deploy Solidity/EVM smart contracts with few or no changes at all.

Moreover, the Edgeware network has its own native token: EDG. This token can be used to pay for all the premium services offered on the platform. In addition, the token is also utilized as a reward to all the participants of the platform. Moreso, the token is available at different crypto exchanges such as Bittrex, Gate.io, and MXC.

Now that we already have knowledge about Edgeware (EDG), let us see the charts in this EDG price analysis 2021.

Edgeware (EDG) Technical Analysis 2021

Edgeware (EDG) Fibonacci Retracement ( TradingView)

As seen in the graph above, EDG has managed to create a good start in the early months of the year. Specifically, EDG has successfully recorded a price surge from $.011 in January to $.055 in May. As a result, EDG effectively created a growth rate record of +549%, a price level truly favored by investors worldwide.

Let us say that EDG once again creates a huge price pump like this in today’s bearish market, EDG price might lift off. In other words, the price of EDG could smash the Fibonacci level from .786 to .236, an uptrend position. If it does, the doors towards the bullish price of $.01 will open, which is just +81.62% away from the Fibonacci level of .055.

Meanwhile, the moving average convergence/divergence (MACD) continues to move above the signal indicator. In short, traders and investors can still continue to trade without the fear of any major price dips. However, if the MACD of the crypto moves in a downward direction towards the signal indicator, it will be a different story.

Conclusion

The crypto world is still recovering from its market decline in the past few weeks. The EDG network is one of the cryptos that keeps its ground against the bearish market. For this reason, the price analysis for EDG in 2021 is $.01.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.