$EIGEN – BULLISH TECHNICAL ANALYSIS 🚀

EIGENUSDT Perp — 0.5615 (+12.16%)

$EIGEN just delivered a strong reversal signal after an extended downside stretch, with buyers stepping in aggressively from the 0.50 macro support zone. The latest full-bodied green candle shows clear strength, marking a shift from exhaustion selling to fresh accumulation.

🔥 Key Bullish Signals

Strong reaction from 0.50 support, confirming demand.

High-volume bounce, indicating real buyer conviction.

Price reclaiming 0.55, which is now acting as intraday support.

Momentum shift visible on mid-timeframes (1H/4H), showing early trend reversal.

If bulls defend the 0.55 reclaim, continuation upside remains highly probable.

📌 Trade Plan (Long Setup)

🎯 Entry Zone

0.545 – 0.555

🏁 Targets

TP1: 0.590

TP2: 0.620

🛑 Stop-Loss

0.520

(Placed below structural support and the bounce base)

📈 Outlook

Market structure is showing the early phases of a bullish reversal, with increasing volume supporting upward continuation. As long as price stays above 0.55, bulls remain in full control and a breakout toward 0.59–0.62 becomes the next logical leg.