๐ Strong Debut: EIGEN token surged nearly 22% to reach a high of $4.94, but is now consolidating around $3.85.
๐ Market Adjustment: After hitting $4.94, the token retraced to $3.73, reflecting typical corrections in overbought conditions.
๐ Key Support Levels: Current support forming around $3.50 with potential to test resistance between $4.50-$5.00 if it holds.
๐ Similarity to HMSTR: Both EIGEN and HMSTR saw a sharp spike, followed by corrections and are now in consolidation phases. Market interest remains high, though volatility persists.
๐ฏ Fibonacci Targets: Technical analysis points to $6 and $6.50 as potential targets if bullish momentum continues.
โ ๏ธ Caution: Watch for Justin Sun's activities, as his airdropped token sell-offs could impact EIGENโs trajectory.
๐ก Stay tuned for more updates as the market evolves!
