According to AMBCrypto, edgeX [EDGE] climbed 19% to $0.400 over the past 24 hours, marking a significant recovery after losing nearly three-quarters of its value in recent weeks. The token's price action was accompanied by a substantial increase in trading activity, with volume jumping 39% to $12.53 million, indicating that participants had begun re-engaging with the asset after weeks of weakness. Unlike earlier sessions that attracted limited participation, the latest advance developed alongside stronger trading activity, with buyers appearing more willing to step in despite the broader bearish backdrop.
As reported by AMBCrypto, EDGE approached the $0.4216 resistance level, which marked an important barrier following the recent breakdown from the $1.50 region. The token traded around $0.4013 at the time of analysis, with technical indicators showing mixed signals. RSI climbed to 30.88 after spending several sessions in deeply oversold territory, indicating that selling pressure had eased considerably, though the indicator remained below the neutral 50 mark, showing that buyers had not fully regained control. The Parabolic SAR stayed above price, maintaining a bearish signal despite the recent rebound, suggesting that recovery efforts had strengthened but the broader trend had not yet shifted.
According to AMBCrypto, Funding Rate data remained positive at 0.0245%, suggesting most leveraged traders continued positioning for gains. The Funding Rate remained relatively moderate, indicating speculation had not yet reached extreme levels. This left traders focused on whether fresh capital would continue entering the market, with the moderate Funding Rate suggesting the rally was not driven by excessive leverage. The positive funding rate environment created favorable conditions for sustained buying pressure, with rising Open Interest alongside higher prices often reflecting growing conviction among market participants.
Liquidation data revealed that bearish traders absorbed significant market pressure during the latest recovery attempt, as reported by AMBCrypto. Total short liquidations reached approximately $45,070, while long liquidations totaled around $14,010, indicating that the upward move forced a larger number of short sellers to close positions. Binance recorded the largest share of short liquidations, with roughly $473,480 wiped out during the session. This development suggested that some traders had continued betting on downside even as the token stabilized, with the disparity between shorts and longs reflecting improving sentiment across the market. Although liquidation volumes remained relatively modest, the imbalance indicated that the recovery was driven by fundamental buying pressure rather than temporary market reactions.
According to AMBCrypto, Open Interest climbed 21.39% to $17.52 million, indicating that new positions entered the Futures market during the rally and that fresh capital continued flowing into edgeX's perpetual market. The increase in volume and Open Interest suggested that traders had started paying attention to EDGE again after weeks of weakness, with rising Open Interest alongside higher prices often reflecting growing conviction among market participants. If buyers secure a move above $0.4216, the next upside target could emerge near $0.5000, though failure to clear resistance could expose the token to another test of support around $0.3346.
