$EIGEN /USDT Market Update: Volatility Alert
$EIGEN /USDT is trading at 3.813, showing a decline of 5.74% over the past 24 hours. The price has fluctuated between a high of 4.066 and a low of 3.787, reflecting market volatility. Currently, the MA(7) at 3.857 is slightly below the MA(25) at 3.922, indicating a bearish shift. However, the MA(99) at 3.809 is providing support, hinting that a bounce could be on the horizon.
If $EIGEN rebounds above 3.922, it may attempt to retest the 4.066 resistance, offering a potential upside opportunity. Conversely, if the price dips further below 3.809, a deeper correction toward 3.747 could be in play. Traders should stay cautious, as the market could make sharp moves in either direction, given the current technical setup.
With strong trading volume, there is a high chance of volatility spikes. Be prepared for both breakout and pullback scenarios, and monitor the key support and resistance levels closely.
