EIGEN target $6.14h time frame
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Entry: $3
TP: $6.1
SL: $2.45
RR: 5.7
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(1) EIGEN is building a descending wedge which is a standard correction from previous pump
(2) Notice $3.3~$3.48 is R/S zone
(3) Fibonacci provides first target at $6.11 and final target at $9.17
(4) Stop loss once going below $2.45
Eigenusdtperp
EIGENUSDT New ATH!EIGENUSDT Technical Analysis Update
EGENUSDT price has broken a significant resistance zone after a 65-day downtrend. EIGEN is the second-largest Ethereum staking token by TVL (Total Value Locked), with a current market cap of approximately $1 billion. In the short to mid-term, its market cap could potentially reach $2 billion, and by the end of the bull run, it might grow to $5–10 billion. The price is currently making a new all-time high (ATH).
EIGENUSDT Resistance breakoutEIGENUSDT Technical analysis update
The EIGEN/USDT price has broken the neckline resistance on the 4H chart and is now heading toward the next resistance at $4.20. The price is trading above the 100 and 200 EMA, and a break above the $4.20 level could signal a strong bullish move.
Target : 50%-100%
Regards
Hexa