Eigen USDT Technical Outlook - Price at 3.838: Key Levels and Strategy
Eigen USDT is currently trading at 3.838, sitting just below a crucial resistance level of 3.85. If this resistance breaks, it could signal a strong upward momentum, pushing the price toward 3.90 and beyond. On the downside, the key support level lies at 3.75âholding above this line keeps the bulls in control, but a drop below could trigger further selling pressure.For traders eyeing an entry, a breakout above 3.85 offers a solid buying opportunity, especially if backed by strong volume. Conversely, a dip near 3.75 could be an ideal buy-the-dip scenario, with a tight stop-loss just below. Keep an eye on the RSI and MACD for momentum shifts, as they remain neutral for now, indicating a potential move is on the horizon.Strategize carefully, as this consolidation phase could soon turn into a sharp move. Keep risk management in place, as volatility may rise once a breakout or breakdown occurs.
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