EDEN -1777.05% in 1 Year Amid Technical Downtrend Confirmed

On October 3, 2025, the cryptocurrency EDEN experienced a dramatic price drop, declining by 657.67% over the last 24 hours to settle at $0.0003253. Over the course of 7 days, the token plummeted by 1777.05%, with similarly severe declines recorded over a 1-month and 1-year time horizon. This consistent and extreme price depreciation indicates a deeply entrenched bearish phase.

The token has failed to establish any meaningful support levels or show signs of reversal. The prolonged decline suggests a structural shift in market sentiment toward EDEN, potentially driven by a combination of underlying technical weakness and broader market dynamics.

Technical indicators have confirmed the downtrend, with key metrics such as RSI and MACD reflecting oversold conditions and negative momentum. The RSI has remained below 30 for an extended period, reinforcing the strength of the bearish bias. Meanwhile, the MACD line has stayed well below the signal line, indicating a sustained outflow of buying pressure.

Backtest Hypothesis

A backtesting strategy was proposed to evaluate the performance of a hypothetical trading approach during this extended downtrend. The strategy relies on technical indicators—specifically RSI and MACD—to identify and execute short positions. The hypothesis suggests that by entering short trades when RSI dips below 30 and MACD confirms bearish crossover, a trader could capture a significant portion of the downward movement in EDEN’s price. The strategy includes tight stop-loss levels to mitigate risk and aims to capitalize on the prevailing bearish momentum. This approach is aligned with the observed technical conditions, making it a potentially viable strategy for navigating the current phase of the market.