Here's a concise trading analysis for $EIGEN

/USDT (Perpetual Futures)

๐Ÿ” EIGEN/USDT Market Snapshot

Metric Value

๐Ÿ’ฐ Last Price $1.4300

๐Ÿ”– Mark Price $1.4309

๐Ÿ”ผ 24h High $1.4805

๐Ÿ”ฝ 24h Low $1.3445

๐Ÿ” 24h Vol (EIGEN) 43.03M

๐Ÿ’ต 24h Vol (USDT) $60.41M

INR Equivalent โ‚น405.09 (+5.04%)

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๐Ÿ“Œ Key Price Zones

Zone Price Levels ($)

๐Ÿ”บ Resistance $1.4574 โ†’ $1.4805 โ†’ $1.4873

๐Ÿ’น Current $1.4300 (just below key resistance)

๐Ÿ”ป Support $1.3975 โ†’ $1.3676 โ†’ $1.3445 โ†’ $1.3377

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๐Ÿ“ˆ Technical Indicators

Indicator Value Interpretation

๐Ÿ“Š Volume 624.7K Moderate buying interest

๐Ÿ“‰ MA(5) 1.67M Strong short-term momentum

๐Ÿ“‰ MA(10) 1.56M Healthy upward trend forming

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๐Ÿง  Trade Setup & Outlook

๐ŸŸข Bullish Scenario (Breakout Play)

๐Ÿ“ Entry Zone: $1.43โ€“$1.44

๐ŸŽฏ Target 1: $1.48

๐ŸŽฏ Target 2: $1.50+

๐Ÿ›‘ Stop Loss: $1.397

๐Ÿ“ˆ Reason: Riding momentum from strong recovery off $1.34 support with good volume.

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๐Ÿ”ด Bearish Scenario (Rejection & Drop)

๐Ÿ“ Entry: Below $1.397

๐ŸŽฏ Target: $1.367 โ†’ $1.344

๐Ÿ›‘ Stop Loss: $1.442

๐Ÿ“‰ Reason: Rejection at resistance and weakening volume could lead to a pullback.

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โฑ๏ธ Trend Summary

Timeframe Trend Momentum

15m ๐Ÿ”ผ Mild Bullish Climbing steadily

1h ๐Ÿ”ผ Bullish Holding higher lows

4h ๐Ÿ”ผ Bullish Near breakout zone

1D โš ๏ธ Cautious Bullish Needs confirmation at $1.48

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โœ… Conclusion

EIGEN/USDT is trending upward and approaching key resistance at $1.48. A breakout may push it beyond $1.50+, but failure to break could trigger a pullback to $1.39โ€“$1.34.

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