🔴 $EIGEN — Current Price: ~$0.462
A long wipe at $3.03K signals trapped leverage as price retests a key lower band.
Key State:
EIGEN is sliding toward a demand pocket where buyers historically defend, but momentum remains fragile.
Support: $0.445 – $0.452
Resistance: $0.475 – $0.488
Market Insight:
The long liquidation shows panic unwinding — often a precursor to either a relief bounce or a trend-continuation flush if support gives up. Keep eyes on volume; low-volume dips tend to rebound violently.
Sentiment: Cautious but opportunistic.
Targets:
Upside: $0.485 → $0.512
Downside invalidation: break under $0.445
Next Move:
Watch for a wick below support and reclaim — classic reversal setup. If rejected from $0.475, expect continuation lower.
Pro Tip:
Follow the reaction, not the liquidation. Liquidations provide direction only when paired with structural confirmation.
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