$EIGEN USDT Technical Update: Momentum Builds at Key Levels
Current Price: $3.940 (+2.94%)
Key Support and Resistance Levels:
Resistance: $4.100 – A breakout here could drive the price toward $4.300, confirming bullish momentum.
Support: $3.850 – A strong buying zone with active demand ensuring price stability.
Market Insights:
EIGEN is forming higher lows, signaling increased buying pressure. Consolidation near resistance suggests the market may be preparing for a potential breakout.
Trading Strategy:
Breakout Play: Enter on a confirmed breakout above $4.100 with strong volume for a momentum-based trade.
Pullback Entry: For a conservative approach, wait for a dip to $3.850 for a safer entry with a tighter stop-loss.
Expert Tip:
Watch for a volume spike during a breakout—it often confirms the move. Set your stop-loss slightly below $3.850 to minimize risk effectively.
🔥 Will EIGEN surge past resistance and head higher? This setup looks promising—stay alert for the next move! 🚀