EIGEN: Trader Adds $4000 as Bitcoin RSI Hits Historic Lows
EIGEN sees $4000 buy from @CryptoMichNL as Bitcoin daily RSI matches COVID crash lows, with altcoins including TAO and HYPE eyed for rotation.
SourceAnalysis
@CryptoMichNL deployed another $4000 into EIGEN at $0.2, lifting his portfolio to $82,200 while Bitcoin daily RSI printed levels last seen in the COVID crash and February 2025. The move comes as Bitcoin drags altcoins lower, yet the trader views the capitulation as prime scaling territory rather than exit, with TAO and HYPE flagged for potential future rotation from oversized holdings in NEAR, SEI and W. On the 4h chart, EIGEN trades inside its Bollinger Bands with price action pressing toward the upper resistance at $0.24 while RSI(14) sits neutral at 35.4 and MACD registers a bullish golden cross at -0.01; this setup points to a probable retracement toward the concrete EMA50 support at $0.22 before any sustained continuation higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast