🚨 $EIGEN /USDT Dips: Will Support Hold or is More Downside Ahead? 📉

Eigen ($EIGEN ) has faced a notable drop, currently trading at $2.335 with a 6.38% decline. As the price approaches key support levels, here’s a breakdown of the targets to watch in the coming hours.

📌 Key Targets for $EIGEN :

1. Immediate Support – $2.30: This is a critical support level that EIGEN must hold to avoid further declines. If the price finds stability here, it could trigger a reversal or at least slow down the bearish momentum.

2. Mid-Range Target – $2.50: Should EIGEN bounce from $2.30, the next target to keep an eye on is $2.50. A rise to this level would indicate recovery potential and attract renewed interest from buyers.

3. Upper Resistance – $2.70: If momentum builds, the primary resistance lies at $2.70. Breaking above this level could signal a shift back toward a bullish trend, setting the stage for higher gains.

🔍 Moving Averages Analysis:

MA(7): 2.349, indicating the short-term average is still above the current price, suggesting resistance in the short term.

MA(25): 2.398, acting as a mid-term barrier that EIGEN needs to surpass for a sustained rally.

MA(99): 2.660, indicating the long-term resistance that needs significant buying power to break.

With these critical levels in focus, keep an eye on EIGEN’s price action to see if it can hold support or if a potential rebound is on the horizon!

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