monetary flow of the EIGEN/USDT token:
#eigen $EIGEN #BTC $ETH $BTC #ETH Technical Analysis
1. Current Price: 0.944 USDT, with an appreciation of +1.94%.
2. High and Low (24h): The token fluctuated between 0.963 USDT and 0.922 USDT, indicating moderate volatility.
3. Technical Indicators:
The 4-hour chart shows a slight recovery, with bullish candles attempting to break the resistance near 0.95 USDT.
The MACD exhibits signs of a bullish crossover, but the histogram still suggests weakness in the buying movement.
The RSI is not visible, but given the recent movement, it is likely close to neutrality.
Monetary Flow Analysis
1. Buy and Sell Orders:
Total Buys: 4.62M EIGEN.
Total Sells: 4.76M EIGEN.
Negative balance of -131,293.94 EIGEN, indicating slight selling pressure.
2. Capital Inflows:
Negative flow of -1.85M EIGEN in the last 5 days.
The last 24 hours show a positive breath with 109,527.84 EIGEN of net inflow.
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Short-Term Opportunities
The EIGEN/USDT token presents a consolidation scenario with slight selling pressure in the accumulated last days, but with signs of recovery in the last 24 hours. The market seems to be looking for a bottom near 0.92 USDT, and if demand continues to increase, we may see a test of resistance at 0.95 - 1.00 USDT.
Possible strategies:
Speculative buy if the price maintains support above 0.94 USDT, targeting 0.96 - 1.00 USDT.
Short-term sell if there is a strong rejection at 0.95 USDT, as it could indicate a new drop to 0.92 USDT.
Wait for confirmation of buying volume to validate a clearer reversal trend.
The market is still indecisive, so risk management should be a priority, avoiding aggressive entries until the trend is confirmed.