EDGE Hits KuCoin as Traders Watch Price Support

A significant deposit of EDGE tokens worth roughly 2.27 million dollars recently hit the KuCoin exchange. This move adds fresh supply to the market just as the asset has been dealing with three straight days of heavy outflows. Investors are watching closely to see if this new supply will disrupt the recent price activity.

Despite the recent selling pressure, traders are paying close attention to technical support levels. Specifically, Fibonacci retracement levels are acting as a key guide for where the price might find a bottom. If these support levels hold, the asset could see a potential recovery despite the influx of tokens on the exchange.

The coming days will be critical for determining the immediate trend. If the market absorbs this new supply without a sharp drop, it could signal that buyers are ready to step back in. Keep an eye on exchange balances and support levels to see how the market reacts to this added volume.