🚨⬇️ $EIGEN /USDT - Is EIGEN on the Edge of a Major Breakdown?

EIGEN/USDT is experiencing a bearish trend, with the price down by 5.50% in the last 24 hours, currently sitting at $3.645. The 24-hour high of $3.879 was quickly rejected, showing weak buying interest, while the low of $3.551 may act as support. However, a break below this level could trigger further declines.

The RSI is at 43.82, suggesting oversold conditions, indicating a possible rebound. The MACD remains below the signal line, confirming the ongoing bearish momentum.

Short-term outlook remains bearish unless key support levels hold. Traders should be mindful of broader market sentiment, fundamental analysis of the EIGEN project, and employ risk management strategies like stop-loss orders.

Always conduct your own research before making decisions.

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