Eigenlayer (unique) Test technology signal signal important $ 1.18 support

Fast take

• Eigen is currently trading at $ 1.22 (24 hours+1.67%). • Eigenlayer’s RSI is located in 45.35 in the neutral area, and MACD signal Bearish Meminals Bearish Meminames • The recent announcement of the ERC-20 token support without permission provides a basic catalyst. • Provides an important support test of $ 1.18, down 4.6% earlier this week.

What is the leading price today?

Eigenlayer has been humble for the last 24 hours, and the Eigen price has been up to $ 1.22 from 1.67%after testing important support levels. This bounce occurs despite the extensive technical weaknesses that pressed the tokens throughout the week.

The most important development recently was the release of Eigenlayer on August 25 on supporting token support for ERC-20 tokens. This expansion allows all ERC-20 tokens to be restored as assets, and Mainnet deployment is expected next week. However, despite this positive fundamental development, the market response was muted.

Yesterday’s market measures were $ 1.20, with an Eigen price drop by 4.6%, and tested an important $ 1.18 support level monitored by technical analysts. Since the weak momentum indicators darkened the positive news flow, sales pressure seems to be more caused by technical factors than basic problems.

In the last 24 hours, the current transaction range of $ 1.17- $ 1.23 suggests the integration around these major levels, and the merchant seems to be cautious about promising in any direction.

Innocent technical analysis: Mixed signals create uncertainty of transactions

Eigenlayer technology analysis shows a conflicting signal that explains the current price uncertainty. Eigen’s 45.35 RSI sits tightly in neutral territory and suggests over -purchase or overreagy conditions. This neutral reading has little direction prejudice for short -term traders.

But MACD indicators tell different stories. EIGEN’s MACD is -0.0225, a histogram showing -0.0204. Signal line divergence suggests that sales pressure can continue in the short term.

The moving average is painted for mixed photos for the unique layer. The token is traded below the average short -term movement, and the SMA 7 is $ 1.26 and the SMA 20 is an immediate resistance level of $ 1.34. Interestingly, Eigen Price is just below $ 1.25 (1.25) from SMA 200.

Probability of the probability of the probability of the permeability of 14.44 and %d to %d at 14.44, which can show potential bounce. However, since the overpretation conditions can be persistent during strong downward adjustment, this indicator is less reliable in the separated state.

According to the Bollinger Bands analysis, the Eigen transaction at the bottom of the band is 0.2177, which is closer to a band that is lower than $ 1.12 than the current position of $ 1.56.

Eigenlayer price level: Major support and resistance

Eigenlayer support level is clearly defined based on binance spot market data. Immediate support is $ 1.17 and is closely matched with the last 24 hours. This level has been significant because it shows the recent test points held during yesterday.

More about Bulls is a powerful support level of $ 1.03, and if immediate support fails, it has significant disadvantages. Rest of less than $ 1.17 can accelerate sales at this level.

In terms of resistance, the inherent shows immediate resistance and strong resistance according to the technical analysis, facing an immediate obstacle of $ 1.67. This level is consistent with the previous integrated zone and should be erased for meaningful upward momentum.

The $ 1.21 Pivot Point is currently located just below the unique price level, suggesting that the token is slightly higher than equilibrium but lacks a strong direction.

Should I buy it now? Risk compensation analysis

In the case of a swing trader, the current setting presents a challenging risk compensation scenario. The proximity to apply for $ 1.17 provides a relatively strict stop loss level, but Bearish MACD momentum suggests attention. Conservative merchants can wait for the decisive bounce in clear rest of $ 1.26 (SMA 7) or in support of $ 1.17.

DAY TRADERS can consider a narrow transaction range between $ 1.17 and $ 1.23 for a range bound strategy, but at the Binance point, $ 59 million in the Binance point offers proper fluidity for position management.

Long-term investors can consider the recent weaknesses as an opportunity, especially, given the basic catalyst for ERC-20 token support. But technical paintings suggest that waiting for a clear optimistic signal can be cautious.

Risk management is important at the current level. A stop of less than $ 1.15 must be included to prevent resting at $ 1.17. For those who take long positions, the initial goal should focus on the $ 1.26-$ 1.29 resistance area, convergent by the multiple movement average.

conclusion

The next 24-48 hours will be determined by whether the token can be supported by more than $ 1.17 and to show signs of a strong momentum. With the expansion of the upcoming ERC-20 token support, the basic outlook remains positive, but the technical indicators should pay attention in the short term. The trader must monitor the MACD of the signs of the momentum movement and be careful about the volume of the $ 1.26 brake out attempt.

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