EIGEN Tests Key Support as Indicators Signal Possible Reversal

With $EIGEN currently trading around $2.845, we’re observing a consolidation phase that could lead to significant movements.

Key Insights:

- Resistance Levels: Watch for potential breakouts at $3.197, $3.241, and $3.244.

- Support Level: Key support is at $2.761, which may provide a rebound opportunity.

- MACD & RSI: Indicators suggest a gradual shift in sentiment, with the MACD showing signs of buying pressure and the RSI nearing oversold territory.

Strategy:

- Bullish Scenario: A rebound from support could target $3.197 and beyond.

- Bearish Scenario: A break below $2.761 may lead to further declines. #EigenLayer #EIGEN

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