$EIGEN
Technical Analysis: EIGEN/USDT - Bullish Momentum with Target Levels 🎯
Current Price: 3.876 USDT
EIGEN/USDT has shown strong bullish momentum recently, with a +6.72% increase in the last 24 hours. Here's a technical breakdown for potential price targets:
🔹 Target 1: $4.00
The first target to watch is the $4.00 level. If the price continues to hold above 3.875, we could see a push towards this psychological resistance. A breakout above this level could indicate further bullish sentiment, and we may see an extended rally.
🔹 Target 2: $4.10
If the upward momentum persists and the market continues to show strength, the next key level to monitor is $4.10. This level aligns with previous price action and serves as a solid resistance point. A close above this could signal a continuation to even higher levels.
🔹 Target 3: $4.20
The $4.20 level represents a significant resistance point where market participants may look to take profits. If the price breaks this level decisively, it could open the door for a more sustained uptrend. Watch for confirmation on increased trading volume to validate this potential breakout.
Key Support Levels:
Immediate Support: 3.74
Major Support: 3.55
Conclusion:
The EIGEN/USDT pair is currently in a bullish trend, and the targets mentioned above could be reached if the price maintains momentum. However, keep an eye on key support levels, as any dip below 3.55 could signal a reversal.
Happy Trading!