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$EIGEN is currently trading at $4.195, down -15.75% in the past 24 hours, indicating strong bearish pressure. This decline could be due to a market correction or profit-taking. Key support is located around $4.00, which could offer a potential buying opportunity if the price holds. Resistance is expected at $4.50–$4.60, where upward momentum may face challenges.

Trading Recommendations:

Short-term traders: Watch for a potential bounce at the $4.00 support level. If the price stabilizes, a trade towards $4.50–$4.60 could be a viable opportunity.

Long-term investors: Exercise caution and wait for confirmation of price stability above support before considering accumulation for long-term growth.

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Disclaimer: Please do your own research before making any trades for the aforementioned token outside Binance to avoid any scams and ensure the safety of your funds.