🚀 Analysis and forecast for $EIGEN : is it time to exit? 📈
As of May 21, 2025, 14:45 EEST, the rate $EIGEN on Binance is $1.545, with a 12.5% increase over the last 24 hours. The trading volume for the day is $17.19M, and the market capitalization is approximately $402.74M (according to X). The increase is associated with interest in EigenLayer, supported by Binance, and positive sentiment in the sector.
Technically, EIGEN shows a bullish trend. On the 4-hour chart, the price is holding above the support at $1.50, and the RSI (14) at 70 signals overbought conditions. Key levels: support at $1.40, resistance at $1.62. A breakout above $1.62 could push the price towards $2.00, but a drop below $1.40 would increase pressure towards $1.25. Users on X note the potential for growth to $2.40 if it holds above $1.62.
Forecast: in the short term (until the end of May), EIGEN could reach $1.80–$2.00 if momentum persists. By July 2025, a correction to $1.30 is possible due to overbought conditions. The long-term target for 2026 is $3.50–$5.00 if the project continues to develop.
Is it time to exit? After a 12.5% increase and the current price of $1.545, taking profits seems reasonable, especially considering the RSI. Set a stop-loss at $1.38 for protection. For long-term investors, holding with a target of $1.80 is justified, but keep an eye on volumes and news. $EIGEN is promising due to the fundamentals of EigenLayer, but overbought conditions may lead to a pullback. Proceed with caution! #eigen #Binance #CryptoAnalysis
