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Market Analysis – January 11
EIGENUSD maintains a bearish structure amid weak recovery attempts. EIGENUSD continues to trade within a broader bearish environment as momentum indicators remain subdued. The price remains below the short-term moving average, reflecting persistent downside pressure and limited bullish participation. MACD readings remain negative, showing weak trend strength and an absence of sustained upside momentum. The overall market structure suggests sellers remain in control despite minor corrective moves.
The price action shows a clear sequence of lower highs and lower lows, confirming trend continuation to the downside. The recent bounce from around $0.350 lacks volume and conviction, stalling below the key supply zone between $0.420 and $0.490. This zone aligns with prior support turned resistance, increasing the probability of rejection. Failure to reclaim $0.490 keeps the bearish structure technically intact.
Looking ahead, EIGENUSD is likely to face renewed selling pressure if the price fails to hold above $0.410. A rejection from the $0.420–$0.490 region could trigger a continuation move toward $0.350, with extended downside risk toward $0.250. Any bullish scenario would require a decisive daily close above $0.490, which currently appears unlikely. Until then, the market outlook remains defensively bearish, with traders closely watching crypto signals for confirmation.
EIGENUSD Short-Term Trend: Bearish
EIGENUSD remains structurally bearish on the four hour chart as price trades below the descending trendline and key resistance. The recent pullback was capped near $0.460, reinforcing the supply zone between $0.460 and $0.490.
Price is now consolidating around $0.410, indicating weak demand and limited bullish follow through. A downside continuation toward $0.350 remains likely if price fails to reclaim $0.440.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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