$EIGEN is currently trading at $4.195, down -15.75% in the past 24 hours, indicating strong bearish pressure. This decline could be due to a market correction or profit-taking. Key support is located around $4.00, which could offer a potential buying opportunity if the price holds. Resistance is expected at $4.50–$4.60, where upward momentum may face challenges.
Trading Recommendations:
Short-term traders: Watch for a potential bounce at the $4.00 support level. If the price stabilizes, a trade towards $4.50–$4.60 could be a viable opportunity.
Long-term investors: Exercise caution and wait for confirmation of price stability above support before considering accumulation for long-term growth.
---
Disclaimer: Please do your own research before making any trades for the aforementioned token outside Binance to avoid any scams and ensure the safety of your funds.
