Binance Alpha Lists LayerEdge Token on June 2, 2025
Binance Alpha's Listing Announcement: Binance Alpha has announced the listing of LayerEdge (EDGEN) token, with trading set to begin on June 2, 2025, as part of its strategy to promote early-stage crypto projects within the Binance Wallet ecosystem.
Market Impact and Community Sentiment: The introduction of the EDGEN token includes an airdrop, which may influence trading activities and market dynamics; however, community reactions are mixed, with some expressing skepticism about the potential outcomes.
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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 | 0.000687 | 0.00131 | 0.00191 | 0.00253 | 0.00313 | 0.00375 | 0.00436 |
| Fibonacci | 0.00131 | 0.00177 | 0.00206 | 0.00253 | 0.003 | 0.00329 | 0.00375 |
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