The $EIGEN
/USDT pair shows a notable bullish trend, having increased by 10.26% to reach a price of $4.007. đ This upward movement is supported by a recent high of $4.164, indicating strong buying interest. The trading volume of 42.38M over the last 24 hours suggests active participation, which can further drive the price higher if momentum continues.
On the 15-minute chart, we observe a series of higher lows, signaling a potential continuation of this bullish trend. đ The price is currently consolidating around the $4.00 mark, indicating that traders may be waiting for a clear breakout above resistance at $4.164. Should the price break this level, we could see a further rally, possibly targeting the next resistance level.
However, itâs essential to keep an eye on the support level at $3.631. đ A drop below this point could signal a reversal, prompting traders to reassess their positions. Overall, the current market sentiment is bullish, but caution is advised as the market can be volatile.
In summary, EIGEN/USDT is experiencing positive momentum with significant trading activity. Traders should monitor key resistance and support levels closely, as they will likely dictate the next move in this pair. đ
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