EIGEN COIN LONG OPPORTUNITY - ALTCOIN MARKET EIGEN is one of my favorite coins due to its strong fundamentals.
Fundamental Analysis: EIGEN has over $11 billion locked on its platform, making it the 3rd highest in total locked value in the entire crypto market. Additionally, it’s the first and best restaking platform on Ethereum.
Technical Analysis: EIGEN bounced off the daily demand zone, and the 4H structure has confirmed that the price is seeking upside liquidity/expansion.
I expect it to reach these two targets and potentially much higher, possibly even new all-time highs during the next altseason.
I believe we’ve hit the bottom for this coin, and I’ve opened a position.
EIGENUSDT
WILL EIGEN REACH $4 BEFORE END OF OCTOBER? The probability of reaching $4 is very possible. Here are my confluences:
- Weekly Low at $3.29 which had liquidity resting just got raided.
- Q4 has seasonally been great for Cryptocurrencies over the years so I expect a great end to Q4 for EIGENUSDT.
- Price is currently testing the Daily Bullish Order Block which is within the Range Discount Array.
- There is more Liquidity resting above current price rather than below current market price.
- Targeting price to reach $3.72 , $3.91 and $4 for this Long entry.
Trading is risky so always use proper risk management. Happy Trading Pals
EIGEN has a potentialEIGEN looks very strong here. As we have Q4 already and as it is overall good time for market to go up, my pick is EIGEN today. You can see the bullish structure forming. If price break up of 4,2-4,4 region we can see ATH. With price discovery mode and new ATH, it can run really well.
MANAGE YOUR RISK
THIS IS NOT FINANCIAL ADVICE
EIGEN/USDT: Falling Wedge Retest – Ready for a Bullish move!!Hey everyone!
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EIGEN looks promising here. It’s breaking out of a falling wedge and is currently retesting the wedge. Consider going long at the current market price (CMP) and adding more on dips.
Entry range: $3.26 - $3.36
Targets: $3.60 / $3.79 / $3.94 / $4.32
Stop Loss (SL): $3.08
Leverage: 5x
What are your thoughts on EIGEN's current price action? Do you see a bullish pattern developing? Share your analysis in the comments below!