$EIGEN Shows Strength – Eyeing Quick Resistance Levels for a Breakout!
$EIGEN is currently trading at $5.053 on the 15-minute chart, demonstrating resilience after bouncing from the recent low of $4.873. The price recently peaked at $5.281 before facing slight resistance, signaling another potential upward move if bullish momentum holds. Traders can enter between $5.040–$5.060 to capture the next push. Immediate resistance stands at $5.100, followed by $5.150 and an extended target at $5.200. For risk management, a stop-loss at $4.990 ensures controlled downside.
With the RSI hovering at 43, there is room for recovery, and the MACD shows stabilization, hinting at renewed buying pressure. Traders should watch for volume spikes as a breakout above $5.100 could confirm upward momentum, offering quick gains within a well-defined range.