OPEN CAMPUS PRICE ANALYSIS & PREDICTION (May 25) –EDU Faces Rejection After Rallying 140% In A Week, Incoming Retracement?

2024-5-26 23:27

EDU appeared super bullish this week following a break out of a month consolidation phase. Although, it has cooled off briefly due to recent rejection. But it may claim more highs if the price continues to surge. 

Following weeks of consolidation above the $0.47 level, which acted as base support during the last bearish correction, EDU initiated a surge from $0.5 earlier this week and broke through $0.65 resistance to a high of $1.2 yesterday. 

Rejecting that high, the price retraced by 8% to where it is changing hands at $1 at the time of writing. Despite that, it still holds a 97% gain and remains one of the week’s best gainers, with a traded volume of $76 million in the last 24 hours. 

However, it is still displaying signs of strength on the weekly outlook while remaining technically bullish on the daily. Although, it has seen a slight drop in the past hours. Retaking yesterday’s high could fully recover the yearly high before deciding where to head next. 

Currently, the bears are showing signs of interest. If they act upon the latest drop by showing more commitment, the price may be lower in the coming days. 

Having increased by 2x since the start of the month, it appeared to be reaching an extremely overbought condition on the short-term scale. A weekly close under $1 would validate a correction. 

EDU’s Key Level To Watch Source: Tradingview

Now that the rejected $1.2 level is held as resistance, a weekly close above it could advance the rally to March’s $1.34 resistance. The $1.5 level would be next if the price breaks up. 

The key $1 level has provided support in the past hours. If this key level collapses, the potential support levels to watch for dips are $0.8 and $0.65.

Key Resistance Levels: $1.2, $1.34, $1.5

Key Support Levels: $1, $0.85, $0.65

Spot Price: $1 Trend: Bullish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: loft39studio/123RF // Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

rejection week may edu price briefly due

rejection week → Результатов: 107


ETHEREUM PRICE ANALYSIS & PREDICTION (January 1) – ETH Continues to Lose Momentum After Facing Rejection, Big Drop Around The Corner? 

Ethereum advanced bullish this week and broke out to a new yearly high. But it saw a rejection and failed to sustain bullish momentum. The price slipped and now looks weak on the daily timeframe.  Following a quick recovery above the $2100 level in the mid-month, Ethereum’s price increased and […]

2024-1-2 13:37


Binance Coin Price Analysis & Prediction (May 24th) – BNB Slips Back After Rejection, Can This Support Hold?

Earlier last week, Binance (BNB) bears had a stopover above a crucial level following a consistent roller coaster since late April. It recovered a bit and now resumes selling towards that level. Despite the relative calmness across the crypto space for some days now, the bears are not letting go off the hook as they […]

2023-5-24 10:37


Binance Coin Price Analysis & Prediction (April 10th) – BNB Remains Weak After a Steady Three-Week Drops, Down by 1.8%

Binance Coin continues to correct lower for three weeks. It saw a substantial loss this week following a rejection in the past month. It is still looking for firm support to foot another bullish. After marking a multi-high at $346 in mid-March, BNB saw a sudden rejection and started to lose momentum. Up till now, […]

2023-4-11 08:40


Kryptoin’s Spot Bitcoin ETF Is Next in Line for Rejection Before Christmas, After SEC Declines WisdomTree’s ETF

The US Securities and Exchange Commission (SEC) denied WisdomTree’s application for a spot Bitcoin exchange-traded fund (ETF) this week. “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirement that the rules of a national […] The post Kryptoin’s Spot Bitcoin ETF Is Next in Line for Rejection Before Christmas, After SEC Declines WisdomTree’s ETF first appeared on BitcoinExchangeGuide.

2021-12-3 19:58