đ„ EIGEN/USDT Analysis: Sharp Drop, Opportunity Ahead? đ„
EIGEN is currently trading at $3.477, down 6% as the bears take control. The price has broken below key moving averages, with MA(7) at $3.511 and MA(25) at $3.515, signaling a bearish trend. Immediate support lies near the $3.402 level, the 24-hour low, where we could see buyers step in to slow the decline.
đš Resistance: The $3.515-$3.520 zone is now critical resistance. A break above this level would suggest a potential reversal, with further upside possible.
đŻ Entry Strategy: Sellers may look to capitalize by shorting near $3.515, while buyers should wait for price action to test the $3.402 support before considering long positions. Watch for signs of consolidation here!
Stay sharp â this setup offers opportunities for both bulls and bears! đđ
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