🧠 Technical Analysis:
🔸 Market Structure:
The price is currently sitting around 1.15 USDT, right above a key demand zone (highlighted in yellow) that has been tested multiple times since March 2025.
This area between 1.00 – 1.20 USDT acts as a major support zone.
🔸 Key Resistance Levels:
1.430 USDT → short-term resistance
1.604 USDT → significant resistance (previous support turned resistance)
Higher resistance targets: 1.980, 2.341, 2.982, 4.018, and 5.480 USDT
🔸 Key Support Levels:
1.154 USDT → current price level
Main demand zone: 1.00 – 1.20 USDT
If broken, the next major support lies around 0.80 USDT
---
📈 Bullish Scenario:
If the 1.00 – 1.20 USDT demand zone holds and the price prints a higher low, a bullish reversal is possible.
Short-term target: 1.43 and 1.60 USDT
If 1.60 is broken with strong momentum, the next targets are: 1.98 – 2.34 USDT
Bullish confirmation will be stronger if the price breaks and closes above 1.60 USDT on the daily chart
✅ Bullish Confirmation:
Bullish engulfing candle near support
Rising volume on upward moves
Breaking above previous lower highs
---
📉 Bearish Scenario:
If the price breaks down below the 1.00 – 1.15 USDT support zone, downside targets shift toward 0.80 – 0.66 USDT
A descending triangle pattern may be forming if the price continues making lower highs while testing the same support
⚠️ Bearish Confirmation:
Strong bearish candle closing below support
High sell volume
New lower low after a failed bounce
---
🔺 Pattern Analysis:
The price has been forming a range-bound pattern between 1.00 – 1.60 USDT
A potential double bottom could form if this support holds and price bounces up again
Otherwise, it may evolve into a descending triangle, signaling bearish pressure
---
🔖 Conclusion:
EIGEN is at a critical support zone that could define its next major move. A strong reaction here could signal a bullish reversal, while a breakdown could open the door to deeper declines. This is a key level to watch.
#EIGEN #EIGENUSDT #CryptoAnalysis #Altcoin #TechnicalAnalysis #SupportResistance #BullishScenario #BearishScenario #CryptoTrading #ChartAnalysis
🔸 Market Structure:
The price is currently sitting around 1.15 USDT, right above a key demand zone (highlighted in yellow) that has been tested multiple times since March 2025.
This area between 1.00 – 1.20 USDT acts as a major support zone.
🔸 Key Resistance Levels:
1.430 USDT → short-term resistance
1.604 USDT → significant resistance (previous support turned resistance)
Higher resistance targets: 1.980, 2.341, 2.982, 4.018, and 5.480 USDT
🔸 Key Support Levels:
1.154 USDT → current price level
Main demand zone: 1.00 – 1.20 USDT
If broken, the next major support lies around 0.80 USDT
---
📈 Bullish Scenario:
If the 1.00 – 1.20 USDT demand zone holds and the price prints a higher low, a bullish reversal is possible.
Short-term target: 1.43 and 1.60 USDT
If 1.60 is broken with strong momentum, the next targets are: 1.98 – 2.34 USDT
Bullish confirmation will be stronger if the price breaks and closes above 1.60 USDT on the daily chart
✅ Bullish Confirmation:
Bullish engulfing candle near support
Rising volume on upward moves
Breaking above previous lower highs
---
📉 Bearish Scenario:
If the price breaks down below the 1.00 – 1.15 USDT support zone, downside targets shift toward 0.80 – 0.66 USDT
A descending triangle pattern may be forming if the price continues making lower highs while testing the same support
⚠️ Bearish Confirmation:
Strong bearish candle closing below support
High sell volume
New lower low after a failed bounce
---
🔺 Pattern Analysis:
The price has been forming a range-bound pattern between 1.00 – 1.60 USDT
A potential double bottom could form if this support holds and price bounces up again
Otherwise, it may evolve into a descending triangle, signaling bearish pressure
---
🔖 Conclusion:
EIGEN is at a critical support zone that could define its next major move. A strong reaction here could signal a bullish reversal, while a breakdown could open the door to deeper declines. This is a key level to watch.
#EIGEN #EIGENUSDT #CryptoAnalysis #Altcoin #TechnicalAnalysis #SupportResistance #BullishScenario #BearishScenario #CryptoTrading #ChartAnalysis
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.