$EIGEN /USDT – BULLISH PUSH GAINING TRACTION, BUT BREAK ABOVE $1.32 IS CRUCIAL FOR MOMENTUM!
Current Price: $1.29
24H Change: +2.85%
24H High/Low: $1.315 / $1.220
Market Outlook:
$EIGEN /USDT is showing early signs of bullish recovery with a +3.59% move today after a recent pullback of -7.55% in the last 7 days. Despite long-term weakness (down -74.61% over 180 days), the price has bounced strongly from $1.22, supported by increasing volume. A clean break above $1.32 could trigger a short-term rally.
Key Technical Levels:
Immediate Resistance: $1.315 – intraday high and current resistance
Major Resistance: $1.380 – prior rejection zone
Immediate Support: $1.260 – previous breakout level
Major Support: $1.220 – strong demand zone and recent bottom
Trade Setup (Long):
Entry: $1.30–$1.32 (on confirmation of breakout above $1.315)
Targets (TP):
TP1: $1.38
TP2: $1.45
Stop Loss (SL): $1.24
Alternate Setup (Short):
Entry: $1.31 (if rejection with volume fades)
TP: $1.25
SL: $1.33
Sentiment Summary:
The chart suggests early bullish pressure building up. If $1.32 is flipped into support, price could revisit $1.38–$1.45 zones quickly. Watch closely for volume confirmation at resistance.
Risk Management:
Stick to tight stop-loss levels and use proper position sizing. Don’t risk more than 1–2% per trade. Always wait for breakout confirmation to avoid fakeouts.
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