I've been analyzing EigenLayer's market trends, and my focus is on technical analysis and price prediction. Currently, EigenLayer's market cap stands at $730 million, with a fully diluted market cap of $6.55 billion. The price is ranging between $3.75 (support) and $4.3 (resistance). I've identified three possible scenarios: a bearish breakout below $3.75, a reclaim of the range, or a breakout above $4.3. Trading decisions will hinge on breaking out of this critical range, considering Eigen's high valuation and potential market maker involvement.
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