$EIGEN REJECTED FROM SUPPLY ZONE – WILL THE DOWNTREND CONTINUE?
$EIGEN/USDT is trading at $1.416, down -9.06% over the last 24 hours. After a sharp rejection near $1.56, the price has entered a steady decline with lower highs and lower lows forming.
Key Levels to Watch
• Resistance: $1.442
• Support: $1.398
Trade Setup – Bearish Pressure Dominates
Bullish Entry:
A confirmed break above $1.442 may spark a recovery move:
TP1: $1.460
TP2: $1.487
Bearish Entry:
If price loses the $1.398 support, a further selloff could follow:
TP1: $1.360
TP2: $1.320
Stop-Loss:
Longs: below $1.410
Shorts: above $1.447