The EDU Price Prediction Maybe Reach $1 Again!
- The EDU price prediction in the H4 chart supports the subsequent recovery at $1 again.
- The price of EDU will tend to test the $1 area based on the demand-supply theory.
The cryptocurrency market has been gaining a lot of attention and popularity in recent times. While there are many cryptocurrencies in the market, one that has been particularly noteworthy is EDU. With its unique features and promising potential, EDU has been making waves in the world of digital currencies. As more and more people become interested in the cryptocurrency market, it will be interesting to see how EDU and other cryptocurrencies continue to grow and evolve.
The EDU price prediction is based on the H4 chart!
From a technical analysis perspective, the price of EDU has been trading sideways in the range of $0.7 – $0.82, but it is still on an upward trendline. This trend has been acting as a support level for the price, and it has been respecting it for quite some time. In addition, the Ichimoku cloud has turned green, which is a bullish signal. This indicates that the price may continue to follow the upward trend of the trendline on the H4 candle chart. If the price breaks above the resistance level at $0.82, it could potentially continue its upward movement.
If the price continues to follow this trend, there is a good chance that the EDU price prediction might continue to rise. Of course, it is important to keep in mind that cryptocurrency markets are notoriously volatile and unpredictable. Therefore, it is difficult to say for sure what the future holds for EDU. However, based on the available technical indicators, there seems to be a positive outlook for the coin in the short term.
The EDU price prediction with signals on the daily chart!
Moving on to the EDU price prediction on the daily chart, there was a sharp decline in the price of EDU on June 10th. However, there was also a fairly large buying force, and in recent days, there has been a gradual recovery to test the $0.85 price level. Considering the demand-supply, it is evident that the $1 price range is the area with the most recent demand-supply transactions compared to the current price. This means that the EDU price prediction that the price will tend to test that area.
It is important to note that market recovery would play a key role in determining the future EDU price prediction. If there is a market recovery, EDU could return to the resistance zone at $1. This is a positive indicator for investors looking to invest in EDU. However, it is important to keep in mind that the cryptocurrency market is highly volatile and unpredictable. Therefore, conducting thorough research and analysis is important before making any investment decisions.
In conclusion, the technical analysis of EDU indicates that the price is on an upward trendline, and with added Ichimoku cloud turning green, the EDU price prediction that the price may continue to follow the upward trend of the trendline on the H4 candle chart.
Additionally, by considering the demand-supply, it is evident that the $1 price range is the area with the most recent demand-supply transactions compared to the current price, so the price will tend to test that area. However, it is important to be mindful of the cryptocurrency market’s highly volatile and unpredictable nature before making any investment decisions.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu