Eigenlayer ($EIGEN )

EIGEN — another popular altcoin that is trending today. Over the last day, its price has fallen by 1%, and it is currently trading at $1.14. The trading volume of the token during this same period has increased by 6%, reaching $128 million. When the price falls, and the trading volume rises, it may indicate panic selling, as more market participants are eager to rid themselves of their assets.

Such a situation reinforces the bearish trend in spot markets. It could lead to further price declines if demand does not increase to absorb the sell-off. If bearish pressure intensifies, the asset could drop to $1.02. On the other hand, if buying resumes, EIGEN could rise to $1.56. $XRP $FUN