EIGENUSDC
#EIGEN/USDT#EIGEN
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it
We have a bounce from the lower limit of the descending channel, this support is at a price of 1.56
We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.71
First target 1.83
Second target 1.90
Third target 1.98
EIGENUSDT New ATH!EIGENUSDT Technical Analysis Update
EGENUSDT price has broken a significant resistance zone after a 65-day downtrend. EIGEN is the second-largest Ethereum staking token by TVL (Total Value Locked), with a current market cap of approximately $1 billion. In the short to mid-term, its market cap could potentially reach $2 billion, and by the end of the bull run, it might grow to $5–10 billion. The price is currently making a new all-time high (ATH).