EDEN -2727.5% in 1 Year Amid Regulatory Pressure and Market Downturn

On OCT 6 2025, EDEN dropped by 1029% within 24 hours to reach $0.0002877, EDEN dropped by 2394.92% within 7 days, dropped by 2727.5% within 1 month, and dropped by 2727.5% within 1 year.

The dramatic drop in EDEN’s price is attributed to a combination of regulatory scrutiny and broader market sentiment. A recent announcement from a global financial watchdog identified EDEN as a subject of ongoing investigation for potential compliance violations. This development triggered immediate sell-offs across multiple exchanges, with traders anticipating further volatility and regulatory action. The announcement also raised concerns about the project’s governance and transparency, further eroding investor confidence.

Technical indicators reflect a bearish trend across all timeframes. The 200-day moving average has acted as a resistance level, with the price failing to recover above this key benchmark. The Relative Strength Index (RSI) has remained below 30 for several weeks, signaling oversold conditions and the potential for further downward movement. Meanwhile, the Moving Average Convergence Divergence (MACD) has remained in negative territory, reinforcing the bearish momentum. These indicators collectively suggest that the market expects a continuation of the downward trajectory unless a significant bullish catalyst emerges.

Backtest Hypothesis

A potential backtesting strategy for EDEN would involve identifying key support and resistance levels using historical price data and evaluating entry and exit points based on these levels. Traders may implement a short-selling approach, targeting entries below key moving averages and exits near resistance levels or after confirming a reversal through a break above the 200-day moving average. Stop-loss levels would be set below critical support lines to limit potential losses in the event of an unexpected reversal.

This strategy would also incorporate volume and on-balance volume (OBV) indicators to confirm price movements and assess the strength of sell-side pressure. Historical data from the past year could be used to test the strategy’s performance, with a focus on risk-reward ratios and drawdown management. The backtest would aim to determine whether such a systematic short-term trading approach could yield positive returns under similar market conditions.