Based on the current technical data, $EIGEN shows a relatively obvious upward trend, but there are also some risk points that need to be noted:
From the trend point of view, the current price of 5.574 USDT is above the 7-day, 25-day and 99-day moving averages, and the three lines are arranged in a golden cross (7-day>25-day>99-day), showing strong upward momentum.
But it is worth noting that the RSI indicator has reached 71.58 and entered the overbought range, which usually indicates that there may be a risk of a correction in the short term. The current price is also close to the resistance level of 5.688, and it is necessary to observe whether it can be effectively broken through.
The MACD indicator still maintains a bullish signal, but the volume ratio is 0.807, slightly lower than the 20-day average, indicating that the upward momentum may be weakening.
Operation suggestions:
You can maintain the existing position, but you need to set the stop loss near the 4.778 support level
It is recommended to wait for a callback to the moving average support level for new positions
If the 5.688 resistance level is broken, you can consider increasing your position, but you need to pay close attention to the volume coordination