$EIGEN Long Liquidation: $9.9604K at $5.41089
$EIGEN /USDT is experiencing a dramatic reversal, plummeting -8.1% to hit $5.00, triggering a long liquidation of $9.9604K at $5.41089. Bulls are feeling the heat as the price has rejected recent highs, causing a massive liquidation spike as positions get squeezed. After reaching $5.80, the market suddenly took a sharp downturn, catching many long holders off guard.
The bears are gaining control, and if $5.00 fails to hold as support, we could see further declines towards $4.70. The volatility is increasing, and short positions are starting to gain traction. As liquidations ripple through the market, momentum is shifting away from the bulls.
Will the bears maintain control, or will $EIGEN manage a recovery? The price action is setting the stage for an exciting battle.
