EIGEN/USDT – SHARP PULLBACK AS EIGEN DROPS TO $3.88

After an impressive rally, $EIGEN has seen a significant downturn, falling to $3.88, a steep decline from its recent high of $5.364. This drop highlights increased selling pressure and a potential cooling off after its sharp gains.

🔻 Bearish Update:

Current price action signals a breakdown of key support levels.

A failure to hold above the critical $4.00 level indicates waning bullish momentum.

Immediate resistance now lies around $4.20-$4.50, with further rejection likely if selling pressure persists.

📉 Support Zones to Watch:

$3.75-$3.80 as the next key support region.

A breach below this could open doors for further downside.

⚠️ Key Takeaways:

Rising volatility suggests a cautious approach.

Traders should reassess positions, use strict stop-losses, and avoid overleveraging in this uncertain phase.

Is this a temporary setback or the start of a deeper correction? Stay vigilant and trade smart!