EIGEN Cloud (EIGENUSD) Fails To Reverse Upward As Bears Retain Control

Market Analysis – February 8

EIGENUSD fails to reverse upward as bears retain control. EIGENUSD continues to display a clearly negative trend profile, with price consistently trading below its declining short- and medium-term moving averages in the $0.230–$0.290 region. Trend-following indicators remain firmly aligned to the downside, while the MACD persists in negative territory, highlighting weak momentum and the absence of meaningful bullish divergence. This overall alignment reinforces the assessment that market conditions remain distribution-driven rather than corrective.

EIGENUSD Key Levels

Supply Levels: $0.3500, $0.4890
Demand Levels: $0.2000, $0.1000

EIGENUSD Long-Term Trend: Bearish

From a technical price-action standpoint, the market has maintained a sequence of lower highs and lower lows, confirming sustained bearish structure. Recent attempts to stabilize above former support near $0.230 have failed, with price quickly rotating lower and establishing acceptance beneath this level. The breakdown below $0.200 has further amplified downside vulnerability, while overhead supply remains concentrated around the $0.290–$0.350 zone, where prior consolidation transitioned into accelerated selling pressure.

Looking ahead, the prevailing structure favors continued downside extension as long as price remains capped below $0.230. A sustained hold beneath $0.200 would likely open a pathway toward deeper support near $0.100, which represents the next major downside objective. Any interim rebounds toward the $0.230–$0.240 range are expected to encounter renewed selling interest unless price can reclaim and sustain acceptance above $0.290, a scenario that currently appears technically improbable.

EIGENUSD Short-Term Trend: Bullish

EIGENUSD remains structurally bearish on the four-hour chart, with price capped beneath a clearly defined descending trendline. The market continues to trade below its short- and medium-term moving averages around the $0.220–$0.240 region, confirming persistent downside control.

Recent consolidation above $0.200 appears corrective rather than reversal-driven, as upside attempts continue to face rejection. A decisive break below $0.200 would likely accelerate losses toward the $0.150 region, while rebounds toward $0.230 are expected to attract fresh selling interest, a dynamic closely watched in short-term crypto signals.

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