EigenLabs

Eigenlayer (EIGEN/USDT) Struggles to Hold at $1.000 for a Reversal

The market for EigenLayer against the Tether has been trending downward since reaching its all-time high of around $5.000, forming lower highs and lows as the pair's price breaks support levels.

Recently, the air trades just above the lower band of the Bollinger Bands, indicating the existence of intensified selling pressure. However, the oscillator at the bottom of the chart suggests the pair is preparing for a reversal as the lines show signs of a bullish crossover.
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#EIGENUSDT
💡Short Trade Idea:
⛔Entry: $1.35
🎯Target: $1.15
🚷Stop-loss: $1.50

EIGEN is trading around $1.35, showing weak momentum after a brief bounce. RSI is cooling off and price action is below key moving averages — a bearish sign.

Downside pressure looks likely in the short term. Eyes on that $1.15support zone‼️
Not financial advice – just sharp trading instincts

Sell short and trade here👇🏻
$EIGEN
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