$EIGEN has experienced a significant 8.245% decline over the past 24 hours, testing key support at 0.778. Currently, prices are near the lower Bollinger Band (0.7809), indicating potential oversold conditions. Volatility appears to be contracting, suggesting a possible reversal or consolidation in the near term. Traders should consider placing a stop-loss just below 0.778 while monitoring for a breakout above 0.8339. Recommended action: wait for a confirmed bounce or set alerts around this key support level for potential buying opportunities.

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