Using mklink (Symbolic Link):

mklink /J "C:\Users\****\AppData\Local\Packages\Microsoft.MicrosoftEdge_8wekyb3d8bbwe\AC\MicrosoftEdge\Cache" "D:\EdgeCache"

OR

Modify Edge Properties (for specific Edge versions):

- Right-click on the Edge shortcut and choose “Properties.”
- In the “Target” field, modify it to include the cache location:

"C:\Program Files (x86)\MicrosoftEdge\Application\msedge.exe" --profile-directory=Default --disk-cache-dir=z:\MicrosoftEdge\Cache
Replace 
z:\MicrosoftEdge\Cache
 with your desired cache location.