CandleFocus Will EIGEN price soar to $5 as ‘7 Siblings’ buys the dip?
2024-11-15
Author: Content Editor
EigenLayer's token, EIGEN, has experienced a four-day drop, reaching its lowest level since November 3. However, a group known as "7 Siblings" has purchased over 1 million EIGEN tokens, indicating their belief in a future rebound. Despite this, the token continues to decline even after the announcement of Infura's launch on EigenLayer's decentralized public infrastructure network. EigenLayer is a prominent player in the DeFi space, with over $12.89 billion in assets. The token's price has been in a steep downward trend, but the formation of a double-bottom pattern suggests a potential rebound towards the $5 resistance level. However, a drop below $2.31 would invalidate this bullish view.
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