🔴 $EIGEN Down: Opportunity or Risk? 🔴

The EIGEN/USDT market has seen a 10.06% drop over the past 24 hours, with the current price hovering around 3.881 USDT. Despite a considerable volume of 85.89M EIGEN traded, volatility has become evident.

After reaching a recent high of 4.520 USDT, the price quickly fell to 3.679 USDT, which may indicate a possible correction or a market reaction to overbought conditions. 📉

📊 What do the indicators say?

The moving averages suggest that the short-term trend remains bearish.

Volume has decreased, which could mean a reduction in short-term buying interest.

💡 What to do? If you are a trader, you might consider volatility as an opportunity for a swing trading strategy. However, the market is unstable and could continue this downward trend.

Are you going to take advantage of this correction or wait for a more stable time? Share your thoughts in the comments. 👇👇