The technical analysis of $EIGEN /USDT reveals a strong bullish trend, with the price currently at $3.980, showing a remarkable increase of 1226.67%. đ The recent price action indicates significant volatility, as evidenced by the 24-hour high of $4.520 and a low of $0.300. This wide range suggests that traders are actively engaging with the asset, leading to substantial fluctuations.
Looking at the 15-minute chart, we can observe a series of higher lows, which is a positive sign for potential continuation of the upward movement. The support level appears to be around $3.679, providing a cushion for the price in case of a pullback. đ If the price can break above the recent high of $4.520, it may attract further buying interest, potentially pushing the price even higher.
Volume analysis is also noteworthy, with 24-hour trading volume at 82.69 million for EIGEN, indicating a healthy level of trading activity. This high volume during the price increase suggests that the upward momentum is supported by solid buying pressure. đ Overall, traders should monitor key levels closely, as price action around the support and resistance points will be crucial in determining the next move for EIGEN/USDT.
$EIGEN #BinanceLaunchpoolHMSTR #NeiroOnBinance #CATIonBinance #moonbix #Write2Earn! $EIGEN
