๐ $EIGEN
/USDT Technical Analysis & Targets ๐ฏ
The price action for EIGEN has been showing promising movement in the last 24 hours. Let's break down the key levels to watch in the short-term!
๐น Current Price: 2.770 USDT
๐น 24h High: 2.827 USDT
๐น 24h Low: 2.142 USDT
Key Target Levels:
1. Target 1: 2.90 USDT
๐ The price is showing strong support at 2.77, and we could see a push towards 2.90, where resistance could form. A break above this level could signal a continuation to higher levels.
2. Target 2: 3.00 USDT
๐ฅ If the upward momentum holds and the price manages to break 2.90, the next major target is 3.00 USDT. This will likely be a key resistance zone that traders should watch for any price rejection.
3. Target 3: 3.20 USDT
๐ Should the bullish trend continue and 3.00 is broken, the next target lies at 3.20 USDT. This level marks a critical resistance point, and a solid breakout could trigger a strong rally.
Support Zone:
Support Level: 2.14 USDT remains the key level to watch for any pullbacks. If the price retraces, 2.14 could act as strong support for further bullish movements.
๐ Trend Analysis:
Short-Term Outlook: Bullish, with higher highs observed recently.
Risk/Reward: Positive as long as the price stays above the support zone.
๐ Keep an eye on these levels, and be prepared to adjust your strategy as the market evolves. Always manage your risk and trade wisely! ๐ก
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