$EIGEN — Down 96% From ATH, But Is the Bottom Finally In? 🧐
Let's talk about
$EIGEN honestly, not just hype it. 👇
Sitting around $0.22 right now, and yeah that's brutal next to its $5.65 all-time high. Down nearly 96%. If you bought the top, I feel you.
But here's the part most people skip: the fundamentals haven't died with the price.
What's actually happening:
• RSI has been sitting in oversold territory sellers are getting tired
• 30-day trend has been mostly red, but that's exactly when smart accumulation tends to happen quietly
• TVL on EigenLayer has been climbing even while price bled that disconnect matters
• Rebrand to EigenCloud brought real product expansion (EigenDA, EigenCompute, EigenVerify) this isn't a dead project pretending to be alive
🔑 Support to watch: $0.17–$0.18 zone
🎯 Resistance: $0.25–$0.28 — reclaim that and momentum shifts
This is a "fundamentals vs. price action" disconnect. Doesn't mean it can't go lower short-term. It means the people selling here may not be looking at the same picture as the people building here.
#eigen