$EIGEN Trading Opportunity Alert!
Current Price: ~$1.45 (as of May 14, 2025)
Recent Performance: $EIGEN up +5% in the past 24 hours with $120M in trading volume, stabilizing after a volatile Q1 2025.
Why $EIGEN?
EigenLayer’s restaking protocol on Ethereum enhances DeFi security, with 701.65M circulating supply and $1.11B market cap.Posts on X highlight bullish sentiment, with technicals showing a potential rebound to $2.00 if $1.50 resistance breaks.4H chart displays a bullish trend, with 50-day MA sloping up and RSI at 58, indicating room for upside momentum.
Trading Strategy:
Entry: Buy at $1.40–$1.47 for a strong entry.
Take Profit:
🎯 TP1: $1.60 (+10.3%)
🎯 TP2: $1.80 (+24.1%)
🎯 TP3: $2.00 (+37.9%)
Stop Loss: Set at $1.30 (-10.3%) to manage risk.
Leverage: 10x–20x for high-risk traders; spot trading for safer plays.
Risk Warning: $EIGEN is volatile, down -74% from its ATH of $5.66. DeFi market risks and low liquidity could trigger sharp moves. Trade cautiously and only risk what you can afford to lose.
Ride the( $EIGEN)DeFi restaking wave and seize the gains! 💪
