Edgeless has been slowly moving downwards for the past few months. It declined from 23.5k satoshi down to the 8k satoshi level, losing 66% to the Bitcoin. Fibonacci applied to the uptrend trendline breaking point shows that EDG/BTC reached and rejected the final downside target at 0% Fibonacci, that is 8k satoshi level.
This is a strong support for Edgeless and...