$EIGEN USDT Technical Analysis!!
$EIGEN USDT is currently trading at $3.816, consolidating between critical support at $3.75 and resistance at $3.90. The $3.75 level has held strong, acting as a key support where buyers typically step in. On the upside, $3.90 remains a crucial resistance level, where sellers have previously dominated. A break above this level, especially with strong volume, could trigger a bullish rally toward new highs.
For traders looking to enter, an ideal strategy would be to watch for a breakout above $3.90, confirmed by volume, for a long position. Alternatively, if the price pulls back toward $3.75 and holds, this could present a good buying opportunity with limited downside risk. Keep an eye on the 50-day moving average and RSI, as these indicators could signal momentum shifts. Happy trading!
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