🚨 EIGEN/USDT Trading Update 🚨

The EIGEN/USDT pair is currently in a downtrend, trading at $3.178, down 10.12% over the past 24 hours. Key support sits at $3.169, which could provide a short-term bounce if buyers step in. On the upside, resistance stands at $3.593, a level that needs to be broken for any bullish reversal to take shape.

📊 Technical Indicators: The price is below its short-term and long-term moving averages (MA7, MA25, MA99), confirming the bearish momentum. A bearish crossover is also in play, signaling the trend could extend lower.

💡 Entry Strategy: Traders looking for short positions may consider entering around the resistance level of $3.593 if the price struggles to break through, with a potential target near support. Alternatively, a clean break below $3.169 could open further downside opportunities.

⚠️ Stay cautious and use proper risk management as the market remains volatile.

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