CandleFocus EIGEN has formed a bullish pattern, but two risks remain
2024-10-08
Author: Content Editor
EigenLayer's token, EIGEN, has experienced a strong recovery after last week's airdrop. The rebound came after the founder announced that the network would focus on Web3 applications post-airdrop. However, the token faced risks due to dilution and a decline in demand for restaking. Despite these risks, the EIGEN token has formed a bullish inverse head and shoulders pattern, indicating a potential bounce back and a retest of its all-time high.
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