$EIGEN Daily Analysis

EIGEN is experiencing a sharp downtrend, dropping -12.63% to close at $2.352. The price has seen a steady decline from a 24h high of $2.709, hitting a low of $2.303 today, with notable selling pressure.

📊 Key Levels:

• 24h High: $2.709

• 24h Low: $2.303

The MACD indicates bearish momentum with no signs of reversal yet, as it continues to dive deeper into negative territory. The overall downward trend suggests sellers are firmly in control, with lower lows forming on the chart. The lack of support around current levels might lead to further downside movement if this pattern holds

Trade Caution: Monitor closely for any reversal signals or a potential bounce near the $2.30 range, but avoid aggressive entries until a clearer trend shift is seen

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