🚨 $EIGEN /USDT ALERT: Testing Critical Levels! 🚨
$EIGEN is currently trading at $3.803, up 3.96% in the last 24 hours. After reaching a high of $4.148, the price is consolidating near support. This setup indicates a potential breakout or further retracement. Let’s dive into the key levels to watch:
Key Levels to Monitor:
Resistance: $4.135
A strong breakout above this level could ignite further bullish momentum. Watch for increased volume to confirm the move.
Support: $3.695
This level is holding well as short-term support. A break below could signal a deeper pullback.
🚀 Targets for the Next Move:
1. $4.200 – Immediate upside target on a breakout above resistance.
2. $4.350 – Mid-term bullish target if momentum continues.
3. $4.600 – Extended target on sustained buying pressure and strong market sentiment.
⚠️ Risk Management:
Stop-loss: $3.590
Set to manage downside risk in case of a reversal below the current support zone.
Summary:
EIGEN is at a pivotal point, consolidating between support and resistance. A breakout above resistance could open the doors for a bullish rally, while a break below support may lead to a short-term correction.
Stay alert for price movements and manage your trades wisely.
