$EIGEN Resistance Zone Analysis
💡 Key Resistance Level: $3.82 - $3.84
Through detailed analysis, we've identified that EIGEN is currently facing a strong resistance level at $3.82 - $3.84.
Here’s what to watch:
🔑 Scenario 1: Resistance Respected
If the price respects this zone and fails to break above, we could see consolidation below $3.84, signaling a potential pause in upward momentum. This could lead to a sideways market or even a pullback as the asset regroups strength.
🔑 Scenario 2: Resistance Broken
If the price successfully breaks through this level, $4 becomes a confirmed target, signaling strong bullish momentum and the possibility of further upside action.
📊 What to Watch For:
1️⃣ Volume spikes around the resistance zone—an indicator of strength or rejection.
2️⃣ Potential retests of the $3.82 - $3.84 level if it breaks, confirming it as new support.
3️⃣ Price behavior near $4 if the breakout occurs, as it may act as a psychological resistance.
⚠️ Trading Tips:
➡️ Exercise caution near the resistance level.
➡️ Look for confirmation of a breakout or signs of rejection before entering a position.
➡️ Always manage risk with appropriate stop-loss levels.
✨ Stay tuned for updates as we track this key level closely! The next move could be a game-changer.
