🚀 $EIGEN

/USDT Technical Analysis – December 31, 2024

Current Price: $3.62 (+8.80%)

24H High/Low: $3.789 / $3.281

24H Volume: 13.62M EIGEN ($48.54M USDT)

Market Sentiment:

EIGEN/USDT is showing strong bullish momentum, gaining nearly 9% in the last 24 hours. Increased trading volume and a clear uptrend indicate potential for further movement, though resistance levels are in sight.

Technical Indicators:

1. SAR (Stop and Reverse): $3.780 – acting as a key resistance level.

2. RSI (Relative Strength Index): Nearing overbought levels, suggesting possible consolidation or retracement.

3. MACD (Moving Average Convergence Divergence): Positive momentum, confirming bullish sentiment.

Key Targets 🎯:

1. Target 1 – $3.700: Minor resistance. A breakout above this level will confirm sustained bullish pressure in the short term.

2. Target 2 – $3.780: Critical resistance, as indicated by SAR. A successful breach could lead to significant upward momentum.

3. Target 3 – $4.000: Psychological resistance level. Reaching this point would solidify EIGEN's bullish trend and attract increased market participation.

Trading Strategy:

Scalpers: Look for quick entries and exits around $3.700, targeting short-term gains.

Swing Traders: Wait for confirmation of a breakout above $3.780 to target $4.000.

Risk Management: Set a stop-loss below $3.281 (24H low) to protect against a potential reversal.

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