$EIGEN /USDT Technical Update: Key Levels and Trading Strategy

The EIGEN/USDT pair is currently trading at $3.59, down 2.76%, with clear signs of consolidation after hitting a daily low of $3.455. This $3.455 level now acts as strong support, while $3.650 serves as the immediate resistance, where sellers seem to dominate.

Moving averages suggest a mixed sentiment, with the 7-period MA slightly above the 25 and 99-period MAs, indicating potential bullish momentum. However, the price sitting just below the 7-MA warns of short-term indecision.

For traders, the current setup offers a prime opportunity. An entry could be considered near $3.455 if the price tests this support and holds, while a breakout above $3.650 could trigger a bullish run. Keep an eye on volume — a significant increase could fuel a breakout. Set your stops just below $3.455 to manage risk effectively.

Stay vigilant, as a decisive move in either direction could pave the way for the next big trend!

#NeiroOnBinance #moonbix #CATIonBinance #BTCUptober #Write2Earn!