The current price of $EIGEN
/USDT stands at $3.981, reflecting a notable increase of 10.19%. This upward momentum is a positive signal for traders, suggesting strong buying interest in the market. The recent price action shows a series of higher lows, indicating a bullish trend. đ
Analyzing the 24-hour trading volume, EIGEN has seen significant activity with 52.54M, while USDT has also maintained a healthy volume of 164.64M. This robust trading volume supports the price increase and contributes to the overall market confidence. Traders should monitor these volume levels closely, as they can indicate potential reversals or continuations in the price trend. đ
The highest price in the last 24 hours reached $4.164, which serves as a resistance level. If the price can break above this level with strong volume, it could open the door for further gains. Conversely, the lowest price of $3.529 indicates a support level that traders should watch. A drop below this level could signal a shift in market sentiment. âïž
Overall, the technical indicators suggest a bullish outlook for EIGEN/USDT, but traders should remain vigilant of key support and resistance levels. Keeping an eye on volume and price action will be essential for making informed trading decisions. đĄ
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