$EIGEN

/USDT Technical Analysis: Is the Bullish Momentum Here to Stay?

EIGEN/USDT has been making waves in the market, gaining +9.69% over the last 24 hours. This surge highlights strong interest in the token, especially in the Infrastructure category. Let’s dive into the key levels and potential targets 🎯 for traders!

Key Levels to Watch

1️⃣ Support: $2.50

This is a critical zone where buyers may re-enter if the price retraces. A strong rebound from this level could indicate further upward movement.

2️⃣ Resistance: $2.80

Currently, this is the 24h high and the immediate barrier for bulls. Breaking this level could open the doors for further rallies.

3️⃣ Target 1: $3.00

A psychological level and a key milestone for bulls. A breakout above $2.80 may quickly test this target.

4️⃣ Target 2: $3.20

This level aligns with historical resistance and is likely to attract significant profit-taking.

5️⃣ Target 3: $3.50

A potential longer-term target if the bullish trend continues, supported by strong volume and market sentiment.

Technical Indicators

RSI: Approaching the overbought zone, indicating strong momentum but caution for a potential pullback.

Volume: High trading activity with 24h volume at 39.16M USDT, suggesting growing interest among traders.

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