$EIGEN Market Update (March 16, 2026)
Current Price: EIGEN is trading at approximately $0.219, marking a sharp 17.1% surge in the last 24 hours.
Trend & Momentum: The price has successfully cleared its 7-day moving average, with the RSI at 53 indicating a healthy shift toward bullish momentum.
Key Resistance: A decisive break above $0.225 is required to confirm a trend reversal and target the next psychological barrier at $0.240.
Critical Support: Immediate floor support is established at $0.188, which must hold to maintain the current short-term recovery.
Market Outlook: Sentiment has turned bullish following a 377% spike in 24h trading volume, largely driven by news of institutional restaking adoption.
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