$EIGEN is currently in a bullish market structure, trading at 1.555 USDT and approaching the resistance level of 1.631 USDT. With an RSI of 64.29, it indicates strong upward momentum. A breakout strategy could be advantageous if EIGEN surpasses resistance with increased volume. However, traders should remain cautious of potential volatility due to Bitcoin's market dominance and macroeconomic fluctuations, which could impact overall sentiment. Keep a close eye on support at 1.228 USDT as well.
