$EIGEN has experienced a significant drop of 8.017% in the past 24 hours, currently trading close to the lower Bollinger Band at 0.8394, signaling potential oversold conditions. With support at 0.85 and resistance at 1.021, traders should watch closely. Volatility appears to be contracting, suggesting a possible tight range ahead. For risk management, consider placing stop-loss orders just below 0.83. Recommended action: set alerts for a rebound near the lower band, or wait for a break above 0.935 for a potential buy opportunity.
