Currently, the eigen shows significant potential for movement based on technical and fundamental analysis:
Technical:
After 54 days of consolidation, the eigen price has successfully formed a bullish flag pattern, which is an indication of a potential reversal. The next target for the movement is towards the previous high of $4.5. However, the biggest challenge is in the strong resistance area of $3,247. A short-term correction is possible in this area. If the price manages to break through this resistance in the next few days, the opportunity to reach the highest level will be even more open.
Fundamental:
According to SpotOnChain data, the inflow of funds into the eigen has continued to increase, with significant accumulation by whales and smart money over the past two weeks. This shows the confidence of large investors in the prospects of this asset. In addition, the trading volume of the eigen has increased since it was first published, indicating strong market interest.