$EIGEN has dropped from a high of $2.16 to a shocking $0.33. It feels like the end, but the data says otherwise. The STOCH RSI is at 1.99โwe are in extreme "Oversold" territory. Historically, this is where the trend flips! ๐๐
Why Iโm not panicking??
* Restaking Power: EigenLayer is the backbone of Ethereum's restaking future. The technology isn't going anywhere.
* The Bottom is Near: We are testing massive support levels. While the trend is bearish, the "Selling Exhaustion" is real.
* Whale Game: This looks like a classic flush-out to grab liquidity before a recovery bounce. ๐ณ๐
Selling at the bottom of an RSI of 1.99 is often a mistake. Watch for a reversal candle. $EIGEN isn't a "meme" coin; it's infrastructure. And infrastructure always builds back! ๐๏ธ๐
What's your plan? Buying the blood or waiting on the sidelines? ๐๐ฅ
