Technical Analysis: $EIGEN
/USDT
As EIGEN trades at $3.099, the current momentum suggests potential for upward movement. Let’s delve into the technical indicators and identify three key target levels 🎯 for traders to watch:
1. Target Level 1: $3.143
The first target is based on the MA(7), which aligns with recent price action. A breakout above this level could signal increased bullish momentum, encouraging further buying interest.
2. Target Level 2: $3.267
The second target corresponds with the MA(25). If the price surpasses this resistance, it may attract more traders, potentially leading to a test of higher levels.
3. Target Level 3: $3.454
The third target is established at the MA(99). Reaching this level would indicate strong upward movement, suggesting that EIGEN could continue to gain traction in the market.
Current Market Data:
24h High: $3.509
24h Low: $3.053
24h Volume: 53.05M EIGEN
Traders should closely monitor these targets and consider market conditions to make informed trading decisions. As always, ensure to manage your risk effectively!