$EIGEN
/USDT Technical Analysis 🎯
🚀 Current Price: $3.14 (+16.20%)
EIGEN has been showing strong momentum recently, especially with the sharp increase in the last hour. Let’s break down the technicals and set some targets:
📉 Key Levels to Watch:
1. Target 1: $3.25 (Resistance Zone)
The recent high at $3.247 is a crucial resistance level. If EIGEN can break and hold above this level, we could see further bullish movement towards $3.25, providing a potential entry point for the next leg up.
2. Target 2: $2.90 (Support Level)
A dip back towards $2.90 would present an attractive opportunity if the price corrects. This support level is a key area to watch for potential buying opportunities, where we expect buyers to step in and push the price higher.
3. Target 3: $2.50 (Strong Support)
In case of a deeper pullback, $2.50 is the next strong support. A bounce from here could present a solid risk-reward ratio for long positions.
🔑 Price Action:
The 1-hour chart shows a bullish 19.34% move, while longer-term indicators show some volatility. Keep an eye on $3.247 for a breakout or a potential retracement to $2.90 or $2.50.
📈 Volume: 24h Volume is 50.49M USDT, indicating strong market activity.
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