$EIGEN Liquidation Alert!
A massive $50,300 short position has just been liquidated at $3.799!
The bulls have taken the reins, igniting a powerful rally and forcing short-sellers to cover in a dramatic short squeeze!
$EIGEN Soars to New Heights!
This liquidation signals a key turning point, with EIGEN breaking through resistance and pushing higher as short positions get wiped out.
The market is surging, and traders are scrambling to jump on this explosive move.
Key Insights:
🔸 Short Squeeze Fueling the Surge:
Liquidations like this send prices soaring, as short sellers rush to cover their positions, adding fuel to the bullish momentum.
🔸 Bullish Breakout: With EIGEN holding above $3.75, the bulls are firmly in control, and the next target could be $4 or beyond.
🔸 Volume Spikes: $EIGEN 's surge is accompanied by rising volume, indicating that the momentum is real and drawing attention from traders across the market.
What’s Next for EIGEN?
Can EIGEN continue its ascent toward $4 and beyond, or will resistance put up a fight?
The market is heating up, and the next move could drive EIGEN to new all-time highs!
Stay Vigilant:
Watch for further signs of continuation as the rally gains steam—EIGEN could be setting up for even bigger moves ahead!
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