#EIGEN $EIGEN – strong rise, the bull run is moving towards a higher resistance level
The EIGEN/USDT trading pair has shown significant upward strength after maintaining support around 1.38 USDT, breaking through the 1.48 USDT level. Strong buying power is dominating, laying the foundation for the next round of rise, with a target price higher. 📈 Technical Analysis • Important support: 1.38 USDT – This price range has helped EIGEN rise again, confirming the presence of buyers in this area. • Breakout level: 1.48 USDT – After surpassing this level, the consolidating upward trend is creating a favorable chart structure for a bull run. • Trend: Strong rise, momentum is accumulating, short-term investors and swing traders may consider entry opportunities. 📊 Trading Strategy • Suggested buy point: 1.48 USDT or higher, confirmed when momentum continues to rise. 🎯 Price Target (TP): • TP1: 1.52 USDT • TP2: 1.58 USDT • TP3: 1.62 USDT • TP4: 1.68 USDT • TP5: 1.75 USDT • Stop Loss (: 1.36 USDT – hard support zone, if the price breaks through, it may weaken the rise trend. 👉 Conclusion EIGEN is experiencing a bull run breakout phase, with strong buying power and momentum accumulating. If this trend continues, the price could head towards higher targets, from 1.52 USDT to 1.75 USDT. Investors should closely monitor support levels and resistance levels to optimize profits and effectively manage risks.
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#EIGEN $EIGEN – strong rise, the bull run is moving towards a higher resistance level
The EIGEN/USDT trading pair has shown significant upward strength after maintaining support around 1.38 USDT, breaking through the 1.48 USDT level. Strong buying power is dominating, laying the foundation for the next round of rise, with a target price higher.
📈 Technical Analysis
• Important support: 1.38 USDT – This price range has helped EIGEN rise again, confirming the presence of buyers in this area.
• Breakout level: 1.48 USDT – After surpassing this level, the consolidating upward trend is creating a favorable chart structure for a bull run.
• Trend: Strong rise, momentum is accumulating, short-term investors and swing traders may consider entry opportunities.
📊 Trading Strategy
• Suggested buy point: 1.48 USDT or higher, confirmed when momentum continues to rise.
🎯 Price Target (TP):
• TP1: 1.52 USDT
• TP2: 1.58 USDT
• TP3: 1.62 USDT
• TP4: 1.68 USDT
• TP5: 1.75 USDT
• Stop Loss (: 1.36 USDT – hard support zone, if the price breaks through, it may weaken the rise trend.
👉 Conclusion
EIGEN is experiencing a bull run breakout phase, with strong buying power and momentum accumulating. If this trend continues, the price could head towards higher targets, from 1.52 USDT to 1.75 USDT. Investors should closely monitor support levels and resistance levels to optimize profits and effectively manage risks.