$EIGEN The EIGEN token (EigenLayer) is currently facing a bearish trend. Over the last 30 days, its price has dropped significantly, losing more than 63%. This decline is part of a broader downtrend observed over the past year, with EIGEN trading at only a fraction of its previous highs. Despite the current market volatility, EIGEN saw a daily trading volume increase recently, indicating active trading activity

Key resistance levels for EIGEN are at $4.06 and $4.38, while support levels are at $3.03 and $2.71. Technical indicators, including a low RSI value, suggest that the token may be oversold, but the overall market sentiment remains bearish

For investors, this is a critical period for monitoring the market sentiment and technical indicators closely. If you're considering trading or holding EIGEN, remain cautious and stay informed about broader market dynamics.