Definitive Price Soars 22% as Volume Skyrockets 85% with Bulls Eyeing $1 Soon

Highlights:

• Definitive price soars 22%, as trading volume skyrockets 85%.
• On-chain metrics data signal a spike in open interest and volume, suggesting intense investor confidence. 
• Overbought conditions signal a potential pullback to $0.49.

The Definitive price (EDGE) is showing a bullish muscle, despite the wobbling crypto market, up 22% to $0.72. Its daily trading volume has notably soared 85% to $58 million, indicating growing market interest. Meanwhile, according to analyst anomIQ, EDGE is nearing an important resistance level.

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The asset is trading above the previous top volume-weighted average price (VWAP), though the overall market sentiment is not that bullish. This is an indication that EDGE demand is yet to be taken over by the bulls. The biggest concern among traders is whether the bulls will surpass this barrier and continue the rising trend.

$EDGE on 15m chart is heating up 👀 Despite the not-so-bullish market mood, price is pressing right at resistance. What’s key here -> it’s trading above VWAP from the previous top, meaning demand is in control for now.

The big question: can bulls smash through resistance and… pic.twitter.com/5CK2LY6UUn

— anomIQ (@anomiq_io) August 20, 2025

In the latest price movement, there is a very robust growth in the volume of EDGE, which has increased by 97.89% to $21.98 million. Such an increased volume means that the coin may have a lot of interest, and the traders are engaged in buying and selling. On the other hand, the open interest has been astonishingly at an increase of 338.31% to $1.59 million. Such a steep rise in open interest demonstrates that traders are getting more confident in their stance. This may lead to a major shift in a short time.

Also, the long/short ratio of 1.06 over 24 hours indicates that the mood within the market is bullish. Nevertheless, it is not a sure sign of the huge ride upwards since there are traders in the market of derivatives who are long and short. This suggests that a breakout with subsequent volatility may follow.

Definitive Price Strikes in a Parabolic Curve

The Definitive price has been moving sideways in a tight range, oscillating between $0.15 and $0.04. This sideways movement, known as consolidation, acted as an accumulation period, which later saw EDGE breakout in a parabolic curve towards $0.90, before retracing to $0.72. So far, buyers have defended the $0.21 support level, preventing further decline. This support zone has become a strong base.

The Relative Strength Index (RSI) sits at 77.43, sitting above the overbought territory. This indicates that the bulls may take a breather before igniting another leg up. Meanwhile, the Moving Average Convergence Divergence (MACD) is flashing a bullish crossover with the MACD line (blue) above the signal line, signaling momentum is on the bulls’ side. 

Looking at the chart, there are some key support and resistance zones. Definitive price is currently sitting at a key support $0.21 with resistance capped around $0.73. If the Definitive price holds above $0.73, there could be a push toward $0.90, maybe even a test at $1 if the bulls keep pushing. However, if it dips due to early profiteering, $0.49 is the line in the sand.

Should EDGE fail to hold above that, there might be a slide back to $o.21, aligning with the 50-day SMA. The 50 SMA at $0.21 aligns perfectly with the current price, acting like a floor if the price suddenly crashes. That recent uptick from the $0.08 dip suggests buyer confidence.

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