📈 $EIGEN

/USDT Technical Analysis: Bullish Momentum with Key Targets Ahead

The EIGEN/USDT pair is currently in a strong bullish trend, up +10.01% to $3.44, following recent price action. Let’s dive into the key technical indicators and potential price targets for the coming sessions.

🔍 Key Data:

Current Price: $3.44 (+10.01% change)

24h Low: $2.892

24h Volume: $65.78M

Bollinger Bands (20, 2): Upper Band: $3.519, Middle Band: $3.069, Lower Band: $2.619

📊 Key Technical Indicators:

Moving Average (5): $3.04M

Moving Average (10): $2.89M

🔮 Price Targets:

1. Target 1: $3.52 - This is the upper range of the Bollinger Bands, and the market is currently nearing this resistance level. If the momentum continues, a break above this level could signal further bullish movement.

2. Target 2: $3.70 - The next significant resistance level is around $3.70, which aligns with previous highs. If the price sustains momentum, this target may become a realistic resistance to test.

3. Target 3: $4.00 - A breakout past $3.70 could push the price toward the psychological $4.00 level, which would likely be a strong point of resistance. Watch for potential profit-taking around this level.

📉 Potential Support Levels:

$3.07 - The middle Bollinger Band could act as a support in case of any pullback. Additionally, the 24-hour low of $2.892 is a strong base for buyers to step in and prevent further downside.

Conclusion: EIGEN/USDT has shown solid bullish momentum and could be setting up for a test of higher price levels. Watch for a continuation above $3.52, with potential targets at $3.70 and $4.00. However, a pullback to the middle Bollinger Band ($3.07) or the 24h low could offer a buying opportunity for those looking to enter at lower levels.

Note: This analysis is based on current market conditions and technical indicators. Always conduct your own research and manage risk accordingly.