EIGEN: Trader Stays Bullish on Range Hold
Michaël van de Poppe states on X that $EIGEN has yet to break its trading range, which keeps him bullish on the token.
SourceAnalysis
Michaël van de Poppe stays bullish on EIGEN because the token has not yet broken its range.
Price sits at $0.28 against upper Bollinger resistance while RSI(14) at 84.31 signals overbought conditions, making a retracement to the EMA50 support at $0.24 probable before further upside, even with the MACD golden cross and price holding above both the EMA50 at $0.24 and EMA200 at $0.23 confirming the bullish trend structure.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast