$EIGEN +36% SURGE BUT FACING SELL WALL: BREAKOUT OR FADE AHEAD?
$EIGEN is trading at $1.204, marking a +36.05% rally in the last 24 hours. After hitting a high of $1.40, price pulled back and is now consolidating under resistance with modest buyer support and thick asks.
Key Price Levels:
• Resistance Zone: $1.206 – $1.255
A breakout from this zone could fuel another leg up toward:
• TP1: $1.300
• TP2: $1.375
• Support Zone: $1.180 – $1.140
Losing this zone could trigger deeper downside toward:
• TP1: $1.100
• TP2: $1.035
Trade Setup – Watch for Breakout Confirmation:
• Bullish Entry: Break and close above $1.206
• Targets: $1.300 and $1.375
• Stop-Loss: Below $1.180
• Bearish Entry: Breakdown below $1.140
• Targets: $1.100 and $1.035
• Stop-Loss: Above $1.206
$EIGEN bulls showed strength—now they need follow-through to reclaim highs.
