EigenCloud (EIGEN) is the native token of EigenLayer, a restaking and security middleware protocol that lets ETH and liquid staking assets secure multiple networks and services.
The token is trading in the low‑to‑mid‑$0.20s USD range, far below its all‑time high near $5.65 in late 2024, reflecting a steep correction and reduced speculative demand.
Recent price action has been volatile and range‑bound, influenced by macro crypto sentiment and shifts in staking activity rather than fresh project catalysts.
Technical outlook is neutral‑to‑bearish short term, with support around recent lows and resistance near latest intraday highs.
EIGEN’s fundamentals are tied to adoption of restaking and ecosystem integrations, including prediction markets and expanded validation services.
Overall, EIGEN remains a speculative altcoin where price swings largely follow market trends and staking interest.
$EIGEN #eigencoin #eigen