Current Price: $1.095
Key Support Levels
1. Immediate Support: $1.080
Recent swing low & psychological level
2. Strong Support: $1.050
4-hour 50 EMA & previous consolidation zone
3. Critical Support: $1.020
Must hold to prevent deeper correction (61.8% Fib of recent move)
Key Resistance Levels
1. Immediate Resistance: $1.110
Local high & minor psychological barrier
2. Next Resistance: $1.150
Previous swing high (24-hour)
3. Upside Target: $1.200
Major psychological magnet
Technical Indicators
RSI (1-hour): 52 (neutral, slight bullish bias)
MACD: Showing weak bullish momentum
Volume: Decreasing, needs surge for breakout confirmation
Bollinger Bands: Price near middle band ($1.090)
Fundamentals to Watch
1. EigenLayer Updates: Protocol developments or staking changes
2. Market Sentiment: Altcoin rotation from BTC dominance
3. Exchange Listings: New CEX listings could boost liquidity
4. Whale Activity: Large wallet movements on Etherscan
Scenario Analysis
Bullish Case
Holds $1.080 → Break above $1.110 targets $1.150 to $1.200
Bearish Case
Loses $1.080 → Tests $1.050 support
Break below $1.050 could accelerate to $1.020
Neutral Scenario
Range-bound between $1.080 and $1.110
Trading Strategy
Long Entry: Above $1.115 with stop at $1.085
Short Entry: Below $1.075 with stop at $1.095
Conservative: Wait for clear breakout with volume
Risk Warning
Newer tokens like EIGEN can be extra volatile
Recommended position size: ≤1% of portfolio
Critical Note
Watch BTC correlation – if Bitcoin breaks $100K, altcoins may initially dip before recovering.
