**$EIGEN Update: Downtrend Continues – Key Levels to Watch**
**Current Price:** **$1.0886 (-7.60%)**
📉 **Trend:** Strong bearish momentum, breaking past support.
**🔴 Why EIGEN Keeps Dropping:**
1️⃣ **Volume Declining** – Current vol (**545K**) below MA(5) & MA(10), showing weak demand.
2️⃣ **No Strong Support Yet** – Broke **$1.0871 (24h low)**, next major zone at **$1.00** psychological level.
3️⃣ **High Selling Pressure** – Sellers dominating, no signs of reversal yet.
*📉 Bearish Scenario (If Downtrend Continues):**
- **Break below $1.0871** → Target **$1.00** (next liquidity zone).
- **If $1.00 fails** → Could dump to **$0.90**.
**🟢 Reversal Watch (If Bulls Step In):**
- Needs to reclaim **$1.1347** (previous support, now resistance).
- Volume must spike to confirm any reversal.
**⚡ Trade Plan:**
- **Shorts favored** below $1.08, target $1.00.
- **Longs?** Only if $1.13 breaks with volume.
**Stay cautious – this downtrend has momentum.**
👇 **Drop a 🔻 if you’re watching this slide.**
