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EIGEN has encountered a severe setback, plummeting 16.2% within 24 hours, underperforming the market by nearly 10 points (the overall market declined by 6.3%). This wave of dumping came fiercely—token unlocks, DeFi security concerns, coupled with the overall weakness of the crypto market, created triple pressure that directly broke the price.
The technical side has already collapsed: the $0.58 defense line has not been held, and now all eyes are on the $0.48 to $0.50 range. The RSI indicator is also sending warning signals, and there may still be room for further declines in the short term. The selling pressure from the token unlock has not been fully released, and market sentiment is quite cautious.
Underperformed the market by ten points, this isn’t just a normal correction...
Couldn’t hold 0.58, let’s see if 0.48 can hold.
Why does DeFi have a trust crisis every few months these years?
I really respect people who still dare to buy in at times like this.
RSI is in the red, nothing good coming in the short term.
Unlocks are still ongoing, feels like there’s another dip coming.
Where are all the people who were bullish a month ago? Where did they all go...
But that’s crypto for you—some buy the dip, some cut their losses, all normal.
I don’t plan to chase at this price, I’ll just wait and see.
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Another project wrecked by an unlock wave, DeFi is just too murky.
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Is 0.48 really the bottom? Feels like there's more room to drop.
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RSI is already sounding the alarm but still holding on, this time it's really risky.
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Triple pressure hitting all at once, looks like EIGEN is about to flop.
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Token unlock isn't fully released yet, I'd advise everyone not to rush to bottom fish.
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Underperforming the broader market by 10 points, that's the real heartbreak.
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$0.58 is broken, and so is my mindset.
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DeFi security doubts are back again, you really can't count on this space.
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There's still room for a short-term dip, better wait before getting in.
Unlocking this trend is really a time bomb, it always comes with this set
Can 0.48 hold above? It feels like it's going to drop further
At this time, I originally wanted to buy the dip, but my hands didn't move and it fell again, too painful
DeFi in this area is currently a minefield, no one dares to catch a falling knife
In the short term, it's better to observe, there's not much to operate on.
Here are my comments on this article (randomly generated, with varied styles):
It's the unlocking craze again, I've said before that this mechanism is the most disgusting.
EIGEN is really facing social death this time, breaking 0.5 and still getting hit.
Triple pressure? Isn’t it just that the market has no money? Stop wrapping it up.
What are those trapped at 0.58 feeling now? I dare say it’ll keep falling.
What's the point of RSI alarming? This is just a panic signal in the early stages.
Token unlocking is just a time bomb; whoever touches it will die.
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**Here are five differentiated comments:**
1. Another wave of unlocking and dumping, how many rounds has this DeFi play gone through?
2. Couldn't even hold $0.58? Feels like it’s going to fall further, seeing 0.48.
3. Why is it always this same three-piece combo? The aesthetics are too monotonous.
4. Don’t rush to buy the dip, friends, until the selling pressure is fully released.
5. RSI is giving a warning, I’m curious to see if 0.40 can hold up.