$EIGEN /USDT SHOWING SIGNS OF RECOVERY – IS A BIG MOVE COMING?
EIGEN has bounced back 8.61%, rising from a low of $1.260 to its current price of $1.476. After a sharp decline, buyers are stepping in – but will EIGEN sustain this recovery or face another rejection?
📊 Key Levels to Watch
🔺 Resistance: $1.516 – A break here could push EIGEN towards $1.594 and $1.714.
🔻 Support: $1.353 – Staying above this level is critical; a break below could lead to a test of $1.260.
🎯 Trade Setup – What’s Next for EIGEN?
📈 Long Entry: EIGEN must hold above $1.476 for a push towards $1.516, $1.594, and $1.714.
📉 Short Entry: A rejection at $1.516 could trigger a drop towards $1.353 and $1.260.
🚨 Stop-Loss: Below $1.353 to protect against downside risk.
📉 Market Outlook – What’s Next?
✅ Early Bounce: EIGEN has bounced from a strong support level, indicating potential bullish momentum.
✅ Breakout Watch: A move beyond $1.516 could trigger further upward action.
✅ Downside Risk: If EIGEN fails to break resistance, another correction may be likely.
💡 Final Thought: EIGEN IS AT A CRITICAL LEVEL! If the bulls break $1.516, we could see an extended rally.
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