$EIGEN

Here is a comprehensive technical analysis for EIGEN dated June 24, 2025, with a sell recommendation:

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📈 Short-term trend

Current price ~1.16 USD, slightly above the daily low ≈0.996 USD.

RSI® indicator is near the neutral point (≈50), indicating a lack of clear momentum at the moment.

Stochastic indicator is trending towards selling, which is a potential selling pressure signal.

A negative crossover on MACD on the 4-hour/2-hour chart reinforces the bearish scenario.

📉 Medium-term trend

Formation of a Falling Wedge on the daily timeframe, which usually may precede a bullish reversal upon breaking above the wedge, but so far this has not occurred.

The price is still within the descending channel, and a descending triangle pattern has appeared on the 4-hour timeframe, increasing the likelihood of continued decline unless it breaks above 1.99-2.00 USD.

Immediate support in the range of 1.00-1.20 USD, and if broken, the decline may extend towards ~0.96 USD according to short-term forecasts.

📊 Support and resistance levels

Immediate resistance: 1.20 USD, followed by 1.60 USD (previous support/resistance range).

Breaking below 1.00 USD may drive the price towards 0.96-0.90 USD.

For an upward bias, it must break 1.99-2.00 USD with strong buying volume.

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