🚨 $EIGEN USDT Analysis!! 🚨
🔥 Current Price: $3.85 (+1184% in 24h!)
🔝 24h High: $4.94
🔻 24h Low: $0.30
After an explosive surge from $0.30 to $4.94, EIGEN/USDT is now in a consolidation phase. The bulls propelled the price up by an incredible 1184.33%, but following that high, we’re seeing short-term bearish momentum.
### Key Levels to Watch:
📉 Support:
- $3.47 – The first critical level. If the price holds above this, we could see a strong bounce as buyers regain confidence.
- $0.30 – The lowest point in the last 24 hours. If EIGEN drops to this level, it could be a strong opportunity for long-term buyers to accumulate.
📈 Resistance:
- $4.94 – The recent high. EIGEN will need to break through this level to enter another bullish phase.
### Moving Averages:
- MA(7) and MA(25) are both trending down, indicating a short-term correction is likely underway. But this could present an ideal buying opportunity at lower levels!
### Entry Strategy:
For those looking to enter the market, patience is key. A solid entry point would be around the $3.47 support, with a stop loss slightly below. If the price stabilizes here, there’s potential for a rebound towards the $4.94 resistance.
Risk-takers may look to accumulate in case of a dip to $0.30, but a break above $4.94 could signal a renewed rally!
📊 Action Plan:
- Conservative Buy Zone: $3.47
- Aggressive Buy Zone: $0.30
- Target: $4.94
Trade smart, trade safe!
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