$EIGEN Technical Analysis – Bullish Breakout Signals Further Upside
EIGEN has surged to a 24-hour high of $4.862, showing an impressive recovery from its recent low of $4.520. The strong upward move, accompanied by consistent green candles, indicates increasing bullish sentiment as buyers drive the price higher. With momentum building, the immediate resistance to watch is $4.880, where a clean breakout could open the door for further gains toward $4.950 and possibly $5.000.
On the downside, support lies at $4.754, and a retracement below this level could see a pullback toward $4.628. Traders should closely monitor volume trends; sustained buying activity will confirm the bullish trend, while reduced volume could signal a potential reversal. The current price action positions EIGEN as a hot contender for short-term gains, with opportunities for well-timed entries and tight stop-loss management.
