$EIGEN Analysis
EIGEN/USDT Analysis: A Bearish Breakdown or Opportunity?
EIGEN is facing a significant 11.85% drop in the last 24 hours, currently trading at $3.065. The price recently touched its 24-hour low of $3.053, suggesting short-term support around this level. However, the downtrend remains strong, with resistance at $3.177 and a more substantial barrier at $3.234. With the MACD signaling bearish momentum and negative divergence, sellers seem in control for now.
Traders looking for entry might watch for a bounce from the $3.053 support with tight stop-losses, or a breakout above $3.177 to signal reversal. Keep an eye on volume spikes to confirm the next move—whether it’s further decline or a chance for a bullish reversal.
Patience and careful timing will be key to capitalizing on this volatility!