$EIGEN

/USDT Technical Analysis & Trade Signals

Trend Analysis:

Current Momentum: Bearish (-1.74%)

Key Support: $3.392 (24h Low)

Key Resistance: $3.719 (24h High)

Volume Surge: $26.11M USDT indicates active trading.

Indicators:

MA/EMA: Slight downward crossover, signaling short-term bearishness.

Bollinger Bands: Price near the lower band, potential rebound or continued downtrend.

MACD: Negative, confirming bearish momentum.

Trade Signals:

Entry Zone (Buy): $3.40–$3.45 (near support)

Stop-Loss: $3.35 (below support)

Targets 🎯:

1. Target 1: $3.61 (Current Price Recovery)

2. Target 2: $3.68 (Mid-Resistance)

3. Target 3: $3.72+ (24h High Retest)

Momentum:

Short-term bearish, but increased volume suggests potential for reversal.

Break above $3.61 could signal bullish recovery.

Monitor closely for confirmation of trend reversal or continuation!

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