$EIGEN egUSDT Technical Analysis and Trade Signal๐Ÿš€๐ŸŽฏ

Current Market Status

Price: $3.36

Trend Momentum: Neutral-to-Bullish (price is above the SAR and Bollinger Middle Band).

Volume: Significant 24h volume ($61.17M USDT), indicating strong market activity.

Indicators Analysis

1. Bollinger Bands (20, 2):

Price is approaching the upper band ($3.426), signaling potential bullish breakout if sustained.

Consolidation range: $3.280 - $3.426.

2. SAR (0.02, 0.2):

SAR is at $3.285, which acts as the immediate support level.

3. Momentum Observation:

The price is rising steadily with increasing volume, supporting upward movement.

Trade Signal

Bias: Bullish if price stays above $3.285.

Entry Zone: $3.34 - $3.38 (current levels).

Stop Loss (SL): $3.27 (below SAR support).

Targets ๐ŸŽฏ

1. Target 1: $3.45 (near recent 24h high resistance).

2. Target 2: $3.58 (next psychological and Fibonacci resistance).

3. Target 3: $3.75 (extension level, breakout rally potential).

Trade Momentum

Momentum Strength: Medium

Price action is bullish but slightly constrained near the upper Bollinger Band, so watch for consolidation or breakout.

Trigger for Strong Momentum: Break above $3.45 with volume.