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The Eigen Layer (EIGEN) token appears to be on a recovery path, gaining bullish traction with a notable 8.88% price increase. Despite this positive momentum, price action remains below key technical resistance levels. Can the token maintain its upward trajectory? Let’s explore the technical setup below.
Eigen Layer Statistics
Current Price: $1.350
Market Capitalization: $433.74M
Circulating Supply: 316.92M
Total Supply: 1.73B
CoinMarketCap Rank: #139
Key Price Levels
Resistance: $1,500, $2.000, $2.500
Support: $1.300, $1.050, $0.800
EIGEN/USDT Eyes Recovery on Daily Chart
The EIGEN/USDT pair remains below the midline of the Bollinger Bands (BB) on the daily chart. However, the ongoing session is represented by a strong green candle, signaling that bullish forces are pushing the market upward.
The BB indicator continues to trend upward, suggesting that the overall market bias is still bullish. Likewise, the Smoothed Rate of Change (SROC) indicator remains above the equilibrium level, though moving sideways—indicating ongoing strength but with slight consolidation.
EIGEN/USDT Stays Resilient (4-Hour Chart)
On the 4-hour chart, Eigen Layer price action has reached the lower band of the BB indicator, where it found support. The latest candle is a large green candle, signaling a sharp rebound. However, the token continues to trade below the BB midline, which remains a short-term resistance.
The SROC line has risen above the equilibrium level again, and its terminal end is curving slightly upward—hinting at renewed bullish momentum. If the price can break above the $1.370 level, it could pave the way toward testing resistance around $1.650.
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