$EIGEN
Price Update: Testing Key Levels Amid Market Volatility 📉
EIGEN/USDT is currently trading at $4.978, reflecting a 3.06% dip over the last 24 hours. After hitting a daily high of $5.389, the pair saw a sharp retracement to a low of $4.600, indicating significant intraday fluctuations.
Key Highlights:
1️⃣ Daily Range:
High: $5.389
Low: $4.600
2️⃣ Current Momentum:
EIGEN rebounded from its daily low and is consolidating near the $5.00 mark.
Resistance is visible around $5.10–$5.15, with support near $4.85.
3️⃣ Volume Insights:
24H Volume (EIGEN): 15.61M
24H Volume (USDT): 79.44M
What’s Next for EIGEN/USDT?
Bullish Case: A break above $5.10 could pave the way for a retest of the $5.38 resistance zone, with potential to challenge $5.50 if momentum sustains.
Bearish Risk: If support at $4.85 fails, the price may revisit the $4.60 level or lower.
📢 Trading Tips:
For Buyers: Look for confirmation of a breakout above $5.10 before entering long positions.
For Sellers: Consider shorting if the price fails to hold above $4.90, targeting lower support zones.
⚡ Stay Updated:
Keep an eye on volume and price action around the key levels to capitalize on potential moves. Manage your risk and trade smart!