$EIGEN Finds Support: Short-Term Rebound Targets in Focus
$EIGEN is trading at $5.421 on the 15-minute timeframe, bouncing off a minor support near $5.379 after a pullback from its recent high of $5.599. The price action suggests a potential rebound as buyers re-enter at key levels, with upside targets aligned closely to minimize risk.
Traders can enter around $5.410 – $5.430, targeting incremental gains with TP1 at $5.460, TP2 at $5.490, and TP3 at $5.520. To protect against further downside, place a stop-loss at $5.370.
The RSI at 44 indicates neutral conditions, signaling room for recovery, while the MACD is beginning to stabilize after a bearish crossover. Traders should monitor volume closely for confirmation as EIGEN attempts a short-term recovery toward its resistance zones.