$EIGEN

🚀 EIGEN/USDT Technical Analysis – January 6, 2025 🚀

The EIGEN/USDT pair has been showing promising movement in the market. Let’s break down the current trend and outline potential targets for the upcoming days.

Current Price:

Price: 4.021 USDT (+0.63%)

24h High: 4.274 USDT

24h Low: 3.926 USDT

Key Support & Resistance Levels:

Support: 3.986 USDT (recent low)

Resistance: 4.274 USDT (24h high)

Moving Averages:

MA(5): 116,806.59

MA(10): 120,746.57

Volume:

Volume in EIGEN: 6.03M

Volume in USDT: 24.64M

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Potential Targets 🎯:

1. Target 1: 4.10 USDT (First Resistance Zone)

If the price holds steady above 4.00 USDT and breaks through the resistance at 4.087, we can expect a potential rise toward 4.10 USDT. A break above this level could signal further upward momentum.

2. Target 2: 4.25 USDT (Mid-Term Resistance)

The next resistance level comes near 4.25 USDT. Watch for strong buying volume to push the price past this area, which could trigger a broader bullish trend.

3. Target 3: 4.50 USDT (Long-Term Bullish Target)

A sustained push above 4.25 USDT could lead the price toward the psychological level of 4.50 USDT. This is the ultimate target in the short to mid-term, contingent on a continued positive market sentiment and breakout.

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Conclusion:

The current trend shows positive momentum, but we must watch for a breakout above the key resistance levels for confirmation of further bullish moves. Monitor volume closely to gauge the strength of the upcoming price movements.