$EIGEN Analysis
EIGEN/USDT Analysis: Bearish Rebound or Continued Decline?
The EIGEN/USDT pair is currently trading at $3.318, down -4.33% over the last 24 hours. After hitting a 24h low of $3.261, the price has bounced slightly, suggesting a potential reversal in play. Key support lies at $3.261, where buyers stepped in. A break below this level could trigger a deeper decline, so keep a close watch.
Meanwhile, resistance at $3.434 will be the critical level for bulls to reclaim. If price breaks above this, we could see a shift in momentum, with a potential push toward higher levels. The MACD is still in negative territory, but weakening selling pressure hints at a possible reversal soon.
Entry Strategy:
Consider entering long positions above $3.434, aiming for a bullish breakout.
For short positions, wait for a confirmed break below $3.261 to ride the bearish momentum.
Monitor volume and indicators carefully, as this could be a decisive moment for EIGEN’s trend!
