/USDT Technical AnalysisAs we analyze the EIGEN/USDT pair, we're witnessing a significant price movement that traders should pay attention to. The current price stands at 3.423, with a recent high of 3.761 and a low of 3.148 over the past 24 hours.Key Moving Averages:MA(7): 3.457MA(25): 3.410MA(99): 3.429
These moving averages indicate potential support and resistance levels, suggesting that traders should closely monitor these points as the market evolves.Targets to Watch:1. Target 1: 3.530
A slight upward move could see EIGEN testing the 3.530 level, which aligns with recent market depth and serves as an immediate resistance zone.
2. Target 2: 3.761
Should the bullish momentum continue, the next significant target is 3.761, which previously acted as a resistance level. A breakout above this point could indicate further upward potential.
3. Target 3: 3.900
If the bullish trend persists, the 3.900 mark may become a viable target as it aligns with historical resistance areas, offering a potential profit-taking opportunity for traders.Conclusion: Traders should keep a close eye on volume and market sentiment as these targets approach. A break below the 3.148 low could indicate a bearish reversal, making it essential to stay updated on market trends.Stay informed and trade wisely!
