Eigenlayer (EIGEN/USDT) Eyes Trend Reversal Amid Growing Volume

EigenLayer against the Tether has recently sparked attention after breaking out from a multi-week downtrend, driven by an uptick in buying volume and a bullish crossover on both the Guppy Multiple Moving Averages (GMMAs). However, with the price piercing through short-term resistance levels, bulls may prepare for a sustained upside push as overhead pressure remains with the market eyeing critical resistance zones.

Recently, the pair's price opened at $1.335, reaching $1.442 before descending to $1.382, realizing over 3% daily gain in the process. However, the volume at 5.72 million suggests more attention would be recorded in the near term as the volume bar improves.