$EIGEN !
Market Jolt: Major EigenLayer Long Position Liquidated!
A substantial $67.9K long position in EigenLayer (EIGEN) was liquidated at $3.665, sending ripples through the market.
Key Insights:
24-Hour Trading Volume: Approximately $197.66 million, indicating high market activity.
All-Time High: $EIGEN reached $5.66 on December 17, 2024, marking a significant milestone.
Recent Performance: The price has declined by 6.67% in the past 24 hours and 21.50% over the past week, reflecting increased volatility.
Next Move:
Analysts predict potential support around $3.50, with resistance near $4.50.
Given the current volatility, traders should brace for sharp price movements and consider setting tight stop-loss orders to manage risk effectively.
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