EDGE hit an extreme oversold condition with RSI at 2.87% according to a recent market alert

, signaling potential exhaustion as selling pressure persists.

Sellers dominating despite oversold signals

Price dipped approximately

↘1.5%

over the past 24 hours while market cap declined roughly

↘34%

over the past month. Sellers outnumbered buyers 1.8 to 1 over the past day, even with the deeply oversold technical reading suggesting potential reversal conditions.

Traders betting on gains forced out

Long position liquidations reached approximately $302M over the past 24 hours, about 2.5 times higher than short liquidations. This indicates traders positioned for price increases were forced to exit their positions.

Trading activity normalizing

Trading interest measured by open positions fell approximately

↘7.4%

while monthly trading volume dropped roughly

↘46%

over the past month, reflecting reduced market participation.