The chart for $EIGEN N/USDT shows a significant upward trend, indicating strong bullish momentum. đ The price has surged from a low of approximately 3.679 to its current level of 4.336, reflecting a remarkable increase of over 1345%. This rise suggests strong buying interest and positive market sentiment surrounding EIGEN.
Looking at the 15-minute timeframe, the recent green candles signal continued buying pressure, with the price approaching a resistance level of 4.444. If this resistance is broken, it could lead to further gains. đ On the other hand, if the price retraces, key support can be observed around 4.202, which could provide a buying opportunity for traders looking to enter the market.
Volume indicators are also noteworthy, with a 24-hour trading volume of 90.02M for EIGEN, suggesting robust market activity. đ Traders should watch for potential pullbacks, as market corrections can offer strategic entry points. Overall, the technical outlook for EIGEN seems bullish, but careful monitoring of price action and volume is essential for making informed trading decisions.
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