1-hour timeframe
📊 EIGEN/USD 1H Analysis: Local consolidation ⚡
Current price of EIGEN: ~$1.18 (-0.76%, Coinbase). On the 1-hour chart, EIGEN is trading in the range of $1.17–$1.19. RSI (~45) is neutral, MACD shows a weak bearish signal. Trading volume for the last 24 hours: ~$109.13M.
🔑 Key levels:
Resistance: $1.19 (50-hour SMA).
Support: $1.17 (recent low).
📈 Forecast: A breakout above $1.19 may push the price up to $1.20. A drop below $1.17 will lead to a test of $1.15. VIBEscore and $70M from a16z keep the market in shape! ☁️