CandleFocus New Peak for EigenLayer as Momentum Builds
2024-12-17
Author: Content Editor
The crypto market cap has reached $3.75 trillion, with EigenLayer (EIGEN) hitting a new all-time high of $5.65. EIGEN has seen a 117% rally over the past 30 days and has broken crucial resistances at $5.14 and $5.30. It is currently trading at $5.37, with a market cap of $1.13 billion and a daily trading volume of $406 million. The weekly price chart shows an 11.27% gain, while the four-hour price graph indicates a potential continuation of the uptrend with a target of $5.77 to $5.85. If the bullish sentiment reverses, EIGEN could stabilize at $5.33 or lower. Technical indicators suggest a dominant buying pressure and positive movement for EIGEN, although there is a weak distribution inferred by the Chaikin Money Flow indicator. The daily trading volume has also surged by over 84.25%. This summary does not constitute investment advice and readers are encouraged to conduct their own research.
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