So, you wanna know about EIGEN price? Well, let me tell you, it’s been a wild ride 🎢. It just cleared that $1.41 neckline of a double bottom, and now it’s like, “Hey, $1.60, I’m coming for you!” 💸
EigenCloud, or EigenLayer, or whatever they’re calling it these days (EIGEN), is up 15% in the past 24 hours. That’s like me getting 15% more complaints from my wife in a day 😂. Trading volume is more than double, and it’s now hanging out around $1.45. This rally is like a party, and everyone’s invited… to the ascending channel that’s been going on since early July on the 4-hour chart 📈.
And, oh yeah, EIGEN price broke out of that double bottom pattern. You know, the one with key support at $1.25 and a neckline at $1.41? Yeah, that one. The measured move from this breakout is like, “Hey, let’s go to $1.55 – $1.60!” 🚀. And, guess what? That’s right around the channel’s upper boundary. What a coincidence! 🤔
Now, if EIGEN price breaks out above $1.60 with some serious volume and RSI doesn’t get too crazy (you know, above 70), it’s like, “Bulls, go wild!” 🐂. We’re talking $1.70, baby! That’s like the ultimate rejection level from early May and June. And, above that, it’s like, “Who knows? Maybe $1.85–$1.90?” 🤷♂️
But, you know, if it can’t hold above $1.50–$1.60, it’s like, “Party’s over, folks!” 🎉. We’re talking pullback to channel support (~$1.30) or that breakout neckline around $1.41 for a retest. Yeah, that’s not fun 😒.
So, what’s behind this EIGEN price rally? Well, it’s not just magic 🎩. There have been some big developments on the fundamental front. Like, a16z backed EigenCloud with a $70M token acquisition in June. That’s like, “Hey, we believe in you, EigenCloud!” 🙌. And, Santiment ranked EigenCloud among the top Ethereum-based projects by development activity. That’s like, “Hey, you’re doing something right!” 👍
And, oh yeah, Renzo Protocol and Concrete launched institutional restaking vaults on EigenCloud. That’s like, “Hey, we’re making it happen!” 💪
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2025-07-16 12:53