$EIGEN /USDT has been in a downtrend on the chart, with the price declining from $3.958 to the current level of $3.527. The 24-hour trading volume is $9.23M for EIGEN and $34.34M for USDT.
* Current Price: $3.527
* Entry Price: $3.527
* Resistance: $3.800
* Support: $3.450
Trade Signal:
Given the recent downtrend and the current price near the support level of $3.450, a short position could be considered.
Take-Profit Targets:
* TP1: $3.450
* TP2: $3.400
* TP3: $3.350
Stop Loss:
* $3.550
Caution:
Traders should closely monitor the price action for any signs of stability or a potential breakout from the downtrend. A break below the support level of $3.450 could lead to further downside.
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