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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.
#EigenLayer. #EİGEN #EigenLabs #TetherUpdate $EIGEN
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.
#EigenLayer. #EİGEN #EigenLabs #TetherUpdate $EIGEN
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