Here's a breakdown of the market analysis for $EIGEN:
Market Update
1. *Price*: $0.911 (-3.8% correction)
2. *24h Range*: High $0.966, Low $0.891
Technical Analysis
1. *Support Zone*: $0.890 (critical level)
2. *Potential Targets*:
- Downside: $0.860, $0.822 (if price closes below $0.890)
- Upside: $0.955 (if price closes above $0.925)
Indicators
1. *RSI*: 36 (near oversold zone, no bullish reversal signal yet)
2. *EMA*: Price trading below EMA7 ($0.920) and EMA25 ($0.935), indicating weak momentum
Trading Advice
1. *Short Traders*: Wait for candle close below $0.890
2. *Spot Buyers*: Avoid until $0.940 is reclaimed
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