📊 EIGEN/USDT Technical Analysis 🔥
The EIGEN/USDT pair is showing strong signs of bullish momentum, currently trading at $3.73, up +2.70%. The price is sitting above key moving averages, with the 7-period MA acting as short-term support at $3.72, and the 25-period MA providing additional medium-term strength at $3.69.
Key support sits at $3.48, where we saw a recent bounce, making it an ideal entry point for buyers looking to take advantage of further upward momentum. On the upside, resistance looms at $3.85 (24h high), where a breakout could signal a strong rally toward new highs.
🎯 Entry Strategy: Consider entering at support levels near $3.69 - $3.72 for a safer position, targeting a breakout above $3.85. Keep an eye on volume to confirm any strong moves.
This setup offers a great risk-to-reward opportunity for traders seeking to capitalize on the bullish trend! 🚀
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